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Ukrainian grain shipments rose in the first half of 2024 versus the prior year, with Spain and China each taking about 20% of exports and Egypt about 10%. Panamax and Handysize vessels have taken a larger share of cargoes as they route more flexibly.
Capesize Brazil to North China rates declined in the third week of July amid growing ballast tonnage in SE Africa.
Stronger Ukrainian flows add supply to Asian and Mediterranean feed grain markets, while softer Capesize rates point to easing dry bulk freight pressure.
worldports.orgJul 19, 2024After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
