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Dry-bulk freight markets failed to rally in the week, lacking physical support as vessel owners awaited stronger Chinese economic growth. Labor talks between ILWU and West Coast port management stalled over automation, and a tentative rail contract was sent to union members for ratification.
Weak dry-bulk freight and the risk of West Coast port disruption both affect the cost and timing of US grain and oilseed exports.
grains.orgSep 29, 2022Not 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.
