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At the Geneva Dry summit, traders and shipowners forecast a recovery in grain demand over the next 12 months. Shipowner Delaportas said Chinese buyers are stepping away from the US Gulf toward Brazil and Argentina.
Congestion at South American east-coast ports has more than doubled in waiting days within a month.
Port congestion in Brazil and Argentina adds delays and raises effective freight costs, while spot-oriented trading increases freight risk for traders. Shifting origins also change tonne-mile demand across the grain trade.
splash247.comSplashMay 13, 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.
