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Dry bulk rates advanced in mid-November, with the Pacific capesize market supported by Japanese tender cargoes and coal shipments and the Atlantic capesize C3 index gaining over US$2 to US$22.589. Panamax activity also picked up in the Atlantic, driven by grain demand ex US Gulf and North South America.
Routine freight gains tied to grain and coal cargo flows reflect steady bulk demand, but the moves are incremental and have limited direct impact on feed ingredient prices.
drybulkmagazine.comOliver KleinschmidtNov 17, 2023Not 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.
