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Coaster freight rates for Black Sea wheat and corn shipments stayed at historic highs after climbing from June 2021, even as larger handysize and Panamax rates fell in November and December. Sellers increasingly offered FOB-only terms, and buyers moved to spot trading and began checking whether sellers had vessels in hand.
Elevated short-sea freight from Ukrainian and Russian ports raises the delivered cost of Black Sea grain into Turkey, the Mediterranean and Egypt, which supports regional wheat and corn price levels.
millermagazine.comNewclick Dijital Reklam AjansıJan 10, 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.
