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The U.S. Grains Council weekly market perspectives for March 30, 2023 report dry bulk ocean freight markets were quiet and moved mostly sideways. Panamax FFA for Q2 traded at $15,700 per day and Q3 at $17,150 per day, with the market awaiting signs of Chinese demand.
Flat freight rates and unchanged Panamax forward prices suggest no strong near-term change in US grain export shipping costs, though a pickup in Chinese demand could firm them.
grains.orgMar 30, 2023grains.orgMar 30, 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.
