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Shipping participants expect freight to pick up as Brazil's bumper soybean harvest and unsold US grain stocks drive early chartering ahead of the South American export season. Taylor Maritime reports cargoes leaving the Mississippi a month early, and Cargill notes China's low grain stocks support demand.
Expected restocking demand and tighter vessel supply could lift ocean grain freight rates from April, raising transport costs for feed importers.
gcaptain.comReutersFeb 23, 2023
assafinaonline.comFeb 24, 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.
