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Dry bulk freight rates are lower than a year ago but slightly higher in Q2 than Q1, as the IGC grain freight index fell 15% year on year. BIMCO expects panamax rates to stay soft through 2025 on fleet growth and weaker coal demand.
Tariff wars and geopolitical tensions add uncertainty, especially for US grain shippers.
Soft panamax rates lower delivered costs for soybean, corn and wheat exporters, which supports export competitiveness and can widen origin spreads.
world-grain.comMichael KingJul 9, 2025Not enough comparable past events yet for a historical read.
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.
