Panamax bulker rates hit multimonth high during South America grain harvests

Not enough comparable past events yet for a historical read.

After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.

• Aug 21, 2023Midsize bulkers propelled by South American grain exports, analysts say+1.3%
• Sep 14, 2023Brazil’s robust grain harvests and Panama Canal delays boost midsize bulkers, brokers say-1.2%
• Oct 19, 2020Grain trade has supported Panamax freight rates but coal risk still remains+3.2%
• Sep 15, 2023Dry bulk spot market mounts week of broad gains as bauxite and South American grain trades surge-3.7%
• Oct 22, 2026Record diesel costs push grain freight rates higher across all modes | Feed & Grain-2.3%