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An analysis says October has been disappointing for dry-bulk shipping, with Capesize rates surging in September to about 35,000 before falling back to the mid-to-high teens as cargo flows dried up and ships ballasted toward Brazil. The author believes a recovery is still possible but acknowledges high uncertainty.
Weak Capesize rates reduce bulk freight costs for grain exporters, but the outlook is volatile and mainly reflects ore and coal shipping conditions.
breakwaveadvisors.comBreakwaveOct 19, 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.
