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The U.S. Grains Council weekly market perspectives report describes a quiet week in dry bulk, with low Pacific cargo volumes and little activity in the Atlantic. Forward freight curves remained inverted and pessimistic, and the report notes ongoing Panama Canal and Mississippi River water problems.
Quiet physical freight and an inverted forward curve point to softer near-term shipping costs for US grain. Ongoing canal and river restrictions are the main upside risk to freight.
grains.orgOct 19, 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.
