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Baltic Exchange weekly roundup shows capesize rates lost value on most major routes amid macro concerns, while Panamax rates were under pressure in the Atlantic. Some South American grain Panamax fixtures held near $10,000 per day to SE Asia/India.
Weak dry bulk freight rates lower the cost of moving grain and oilseeds on the Atlantic, modestly easing landed feed costs for importers, though South American grain freight remains relatively firm.
businesstimes.com.sgMay 3, 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.
