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Dry bulk freight rates are expected to stay elevated in 2021, with the market showing an early-year rebound from weak 2020 levels. Panamax spot earnings rose from $10,800 to about $12,700 per day, and forward freight agreements imply a seasonal Q2 premium.
Higher ocean freight costs raise the landed cost of imported feed grains and meal, which tends to narrow import margins and support regional feed prices.
czapp.comAnthony DiamanteJan 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.
