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The Capesize 5TC fell $95 to $13,806 at the end of March, though it roughly doubled over the month. Panamax rates were volatile, with some NoPac grain tonnage paid above $15,000 per day.
Rising capesize and grain-related panamax rates increase bulk freight costs for imported feed commodities, a modest upward pressure on landed feed prices.
worldports.orgApr 3, 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.
