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The Signal Dry Bulk weekly report says Capesize freight momentum slowed in late May amid weak demand and China iron ore concerns. It notes the Black Sea Grain Initiative was extended, but Ukrainian grain export volumes in May are running below last year's levels.
Ship inspection challenges at Black Sea ports remain.
Softer dry bulk freight and weaker Ukrainian grain flows point to ample supply and modest downward pressure on ocean freight and wheat and corn export values.
breakwaveadvisors.comSignal OceanMay 26, 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.
