Loading…
Brazil-to-China capesize iron ore and grain-route freight was volatile in January, peaking January 4 and falling to a low on January 17 before trading between $20 and $24 per tonne. Panamax day rates in the Atlantic fell about 21% between January 1 and 25, and the Chinese New Year holiday is expected to pause activity.
Softer Panamax day rates lower the cost of moving grain and meal in the Atlantic, a mildly bearish signal for delivered feed costs, though much of the move is seasonal.
splash247.comSplashJan 30, 2024Not 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.
