Loading…
Lyttelton Port in New Zealand faces strike action by the Maritime Union of New Zealand over the weekends of December 31 to January 1 and January 7 to 8. LPC says contingency plans are in place for container shipping and no other port services will be affected.
The strike is limited to container operations in New Zealand, a small share of global feed trade, so its price impact on feed commodities is negligible.
cubic.co.nzDec 28, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% 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.
