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Dry-bulk shipping had one of its most volatile weeks in recent memory, with capesize spot and futures leading gains and Panamax futures also performing strongly. Analysts said spot freight rose too quickly, forcing traders to adjust hedges, while Brazil exports and Chinese iron ore demand remain firm.
Rapid freight gains and widened volatility raise ocean transport costs for grain and feed ingredient imports, and make freight hedging more expensive. Solid Brazilian export and Chinese demand support rates in the near term.
breakwaveadvisors.comBreakwaveJun 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.
