DRY BULK QUARTERLY: South American grain demand drives rise in Atlantic Panamax rates

Not enough comparable past events yet for a historical read.

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• Mar 14, 2025Global soybean crush forecast hits record high amid increased demand | Feed & Grain+1.6%
• Sep 9, 2026China continues US soybean push amid South American purchases | World Grain+1.2%
• Aug 13, 2026Soy Demand Rises to Meet Large Crop - American Soybean Association+4.9%
• Feb 13, 2025South American bean production and balance sheets - Iowa Agribusiness Radio Network+1.7%
• Feb 6, 2024February WASDE Will Check in on South America-0.3%

After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Dec 18, 2017Rabobank Global Poultry Quarterly: Promising Outlook for 2018—Although Avian Influenza Concerns Are Rising - Poultry News+0.8%
• Nov 27, 2020Grain: global production estimates sharply revised - Mundus Agri+0.1%
• Feb 6, 2024February WASDE Will Check in on South America-1.7%
• Dec 12, 2019South American Soybean Production Impact+5.5%
• Mar 11, 2020USDA's supply and demand report largely stands pat - Grainews-6.0%