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Dry bulk freight rates hit decade highs in 2021, driven by strong raw-commodity demand and Covid-related port bottlenecks in China. Hurricane Ida disrupted US Gulf grain loading in August, and Super Hurricane Chanthu closed two major Chinese ports in September.
Analysts expect volatility to continue into 2022.
Higher and more volatile ocean freight raises the landed cost of imported grains and oilseeds for feed buyers, and it can shift export origins as buyers switch between the US, Brazil and other suppliers.
fastmarkets.comEuan SaddenJan 11, 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.
