Loading…
Signal Ocean reports Brazilian agricultural export volumes up 80% in January to May 2023 compared with the prior year, with Panamax vessels taking a growing share. Capesize and Panamax rates are showing signs of recovery, and iron ore prices fell after nine sessions of gains.
Strong Brazilian grain and oilseed shipments support Panamax freight demand and firm ocean grain costs. Iron ore weakness is a separate signal of softer Chinese demand.
breakwaveadvisors.comSignal OceanJun 15, 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.
