
Sea-Intelligence reports that Asia to US West Coast container capacity is near record levels, at about 393,000 TEU a week in October and roughly 400,000 in November, due to delayed third-quarter sailings arriving together. Drewry's Shanghai to Los Angeles rate fell 6% to $7,514 per 40ft on 29 October and is expected to fall further.
Container capacity flooding the market is a container-shipping story with little direct effect on bulk feed grain freight. It mainly affects containerised trade and terminal congestion rather than dry bulk commodity prices.
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.