Loading…
Dry bulk spot rates rose in the week to March 3 as demand for iron ore, coal and grain increased. Futures markets pointed to higher spot rates in the coming weeks.
Stronger grain volumes support ocean freight rates, which raise the landed cost of imported feed grains. The effect is limited because iron ore and coal drove most of the gain.
tradewindsnews.comMichael JulianoMar 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.
