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Breakwave's June 24 2025 dry bulk report says the spot Capesize rally that pushed rates to about $30,000 is losing momentum, with Pacific weakness and rising Atlantic vessel availability for July. Spot rates may stabilize near $20,000, while Panamax support remains firm and freight futures price a bearish curve.
Easing Capesize spot rates lower the cost of long-haul bulk grain and oilseed shipments, which can help export competitiveness, while the flat freight futures curve signals subdued expected shipping costs ahead.
breakwaveadvisors.comBreakwaveJun 24, 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.
