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Commodore Research reports dry bulk rates mixed, with Capesize rising while Panamax and supramax rates fell on oversupply. It cites USDA forecasts that 2024/25 global coarse grain, wheat, soybean and soymeal exports will total 699.9 million tons, down 2% year on year.
A year-on-year contraction in global grain trade reduces shipping demand for non-Capesize vessels, keeping ocean freight costs pressured for feed grain cargoes.
breakwaveadvisors.comCommodore Research, ConsultancyNov 15, 2024Not enough comparable past events yet for a historical read.
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.
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.
