Loading…
Panamax vessels are shifting away from the Brazil-China grain run because drought has limited Brazilian export volumes. The grain run is being redirected toward Australia, which has shorter sailing times.
Panamax earnings are affected by the change in cargo supply.
Drought-reduced Brazilian export availability tightens soybean and corn supply to China and can support prices, while the route shift lowers Panamax earnings.
tradewindsnews.comKaren NgDec 9, 2024tradewindsnews.comDec 9, 2024After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
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.
