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Dry bulk freight rates have risen slightly and are recovering from June-July lows, with Panamax leading the gains. Container rates are under pressure, and the Panama Canal still limits draft and grain vessel waits run 10-12 days.
Panamax strength raises the cost of moving grain on the Panamax route, supporting export freight costs.
grains.orgAug 31, 2023grains.orgAug 31, 2023Not 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.
