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Dry bulk shipping revived after the Lunar New Year lull, with Capesize and Panamax rates averaging 120% above the same period last year and Supramax up 95%. Handysize time-charter rates reached 2021-2022 highs.
Demand is firm in the Atlantic and Pacific.
Sharply higher bulk freight costs raise the delivered price of imported grains and meals, supporting import parity values for feed ingredients.
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.