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The Baltic Exchange weekly bulk report for week 46 shows the capesize timecharter average falling $2,350 to $12,498, driven by weak FFA sentiment and a lack of fresh cargo before year-end. Panamax rates were mixed, with US Gulf grain demand largely served by ballast tonnage.
Weaker dry bulk freight raises the cost of shipping grain and oilseeds from origin, which can narrow FOB export basis for US and South American exporters while leaving feed buyers' delivered costs roughly stable.
balticexchange.comNov 13, 2020Not 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.
