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Signal Ocean's weekly report shows freight firmness across Capesize, Handysize and Panamax segments. Iron ore prices fell to a two-month low on COVID restrictions in China, while China's April coal imports jumped 43% from March amid Russia-Ukraine supply concerns.
Chicago wheat futures topped $11 per bushel after weather and export restrictions tightened supply.
Higher wheat values and firm freight raise feed input costs, while weaker Chinese iron ore demand signals softer bulk demand outlook.
breakwaveadvisors.comSignal OceanMay 12, 2022Not 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.
