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The Baltic Exchange bulk report for week 48 shows the capesize index and 5TC time-charter average recovering to late-October levels, with BCI at 4594 and 5TC at $38,096. Tonnage was tight in both basins, and Panamax rates rose on Atlantic grain and mineral demand.
Firmer Panamax and capesize rates raise the cost of moving grain and oilseed cargoes from South America and the Black Sea, which can widen FOB-to-delivered spreads for feed importers.
balticexchange.comDec 3, 2021Not 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.
