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A U.S. Grains Council weekly market report describes dry-bulk freight moves, with Capesize values rising and Panamax rates flat to slightly lower. Panamax April rates were around $21,000 per day.
Container ships were also waiting at Los Angeles and Long Beach.
Higher dry-bulk freight and port delays raise the cost of exporting US grain, which can widen basis and export spreads.
grains.orgApr 1, 2021grains.orgApr 1, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
