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The U.S. Grains Council weekly report noted another up week in ocean freight, with the Baltic Panamax index at 1,041 versus 282 a year earlier. The PNW grain vessel lineup fell to about 61 ships, and BNSF rail deliveries of grain are improving.
Rising Panamax rates raise the cost of moving grain to Asia, while easing PNW congestion may reduce the Gulf-versus-PNW price premium.
grains.orgMar 2, 2017grains.orgMar 2, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
