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Dry bulk shipping is posting its best first half in a decade, with Capesize, Panamax and Supramax day rates all above $30,000 per day on June 28. Forward freight agreement pricing and time-charter rates point to continued strength through the third and fourth quarters.
Sustained strength in bulk freight rates raises the cost of moving grains, oilseeds and meal from origin to destination, supporting delivered feed prices in importing regions. Buyers should expect freight to remain a significant component of landed cost.
freightwaves.comGreg MillerJun 28, 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.
