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The U.S. Grains Council weekly market perspectives note dry-bulk markets are stuck with no sustained rally, with Q1 Panamax rates near $7,250-7,300/day and Q3 near $9,150-9,250/day. U.S. and most foreign grain ports remain open, but Mississippi Southwest Pass has draft restrictions and Panama Canal transits are slowed by low water.
Draft limits on the Mississippi and Panama Canal delays raise export freight costs, which can widen FOB spreads for U.S. grain and soy.
grains.orgApr 16, 2020Not enough comparable past events yet for a historical read.
Not 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.
