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Arrow Shipbroking expects supramax and panamax bulker supply to be squeezed by port congestion and bad weather. USDA forecasts a Brazilian soybean crop of up to 133 million tonnes this year, versus 126 million tonnes in 2020.
Tighter bulker supply and a large Brazilian crop both support higher grain freight rates in the coming months, while the larger export volume adds to Atlantic shipping demand. Freight costs feed into landed prices for importers of soy and corn.
tradewindsnews.comHolly BirkettFeb 1, 2021Not enough comparable past events yet for a historical read.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
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.
