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Grain shipping rates from the U.S. Gulf to Japan fell to their lowest level in 16 months, according to Lloyd's List. The decline is attributed to weak global demand, especially in China, and an oversupply of Panamax vessels, with rates expected to remain under pressure in 2025.
Lower Gulf-to-Asia freight costs improve the delivered price competitiveness of US corn, sorghum and soybeans into Japan, but signal soft Asian import demand.
rrfn.comDon WickDec 19, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
