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A weekly ocean freight commentary reported a quiet week in dry bulk markets after recent volatility. Capesize rates led, Panamax May rates traded at $22,500-23,200 per day, and containerized grain rates stayed strong, with U.S. weekly containerized grain exports below 80,000 MT.
Routine freight commentary with no new cause; firm Panamax and container rates keep export logistics costs elevated for grain buyers.
grains.orgApr 29, 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.
