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Panamax bulker spot rates on the East Coast of South America have been volatile, with BRS Group saying they are not improving. Spot rates for vessels coming from the US showed some improvement, while owners remain concerned about the futures market.
Higher or volatile Panamax freight from South America raises landed costs for soybean meal and corn imports into the region and affects export arbitrage for feed ingredients.
tradewindsnews.comMichael JulianoJul 27, 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.
