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Baltic Capesize and Panamax indices rose in the fourteenth week of 2023, while Supramax and Handy indices slipped. China's manufacturing PMI eased to 51.9 in March, and Refinitiv forecast Brazil's 2022/23 soybean exports at 92.8 million tonnes.
Strong Brazilian soybean export forecasts support seaborne supply and freight demand, while weaker Chinese manufacturing softens demand signals for feed commodities.
breakwaveadvisors.comDoricApr 10, 2023Not 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.
