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North-Western Shipping Company moved 1.12 million tonnes of grain by lighterage in 2016, up 35% on 2015, mainly wheat. The company plans to expand river-sea lighterage of grain in 2017.
Growing lighterage capacity improves the movement of Russian grain to export ports, a modest bearish factor for export freight and wheat prices.
ru.ybunker.comJan 16, 2017After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
