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US grain exports to Mexico rose from 7.6% of the market in 2022 to 9.3% in 2024. Handysize (51.6%) and Supramax (39.4%) vessels account for over 90% of shipments to Mexico.
A thaw in US-China relations could redirect some volumes back toward China and shift demand toward larger Panamax vessels.
Steady Mexican demand supports Handysize and Supramax freight volumes, while a China revival would lift total export demand but change the vessel mix. Shifts in destination change which freight segments gain or lose.
breakwaveadvisors.comSignal OceanMay 8, 2025Not 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.
