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Panamax bulk carrier owners are benefiting from rising US grain exports, according to Tradewinds. However, tonne-mile demand has dropped because of shorter sailing distances.
Higher US grain export volumes support Panamax freight demand, but shorter voyage distances offset part of that gain, leaving the net freight effect for feed grain buyers mixed.
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.