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Signal Ocean's May 11 weekly report highlights South African coal imports to India reaching their highest level in a year, with Capesize firmer and smaller sizes weaker. It also notes uncertainty over whether the Black Sea Grain Initiative will be extended beyond May 18 after Moscow's threat to terminate it.
Strong coal and bulk demand supports Capesize freight, while Black Sea grain uncertainty raises the risk of tighter wheat and corn supplies and higher shipping costs for feed buyers.
breakwaveadvisors.comSignal OceanMay 11, 2023After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
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.
