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China's nationwide truck-capacity limits and stricter overload checks cut corn shipments from northern growing regions, and domestic corn rose about 16% since early October. Chinese buyers ordered 20 ships of U.S. sorghum, over 1 million tonnes, for arrival by February 2017, and at least three ships of Australian feed barley are also heading to China.
Tighter corn logistics in China are pulling in cheaper substitute feed grains, boosting export demand for U.S. sorghum and Australian barley. This supports sorghum and barley export prices while China's corn imports stay limited by its own domestic supply chain.
zmp.deNov 21, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
