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Wood Mackenzie published a dry bulk freight outlook report dated 27 September 2021 asking whether a dry bulk super cycle is starting. It expects freight rates to ease from current highs while low fleet growth and new CO2 regulation support the market.
The forecast of elevated but easing freight rates implies ocean transport costs for feed grains and meals will stay high through the near term before moderating.
woodmac.comSep 27, 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.
