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TradeWinds reports that capesize and Panamax dry bulk markets improved week on week but remain volatile. The brief is too short to give specific rate levels or causes.
Improving bulk rates would modestly raise ocean freight costs for grain shipments, though the signal is weak.
tradewindsnews.comHolly BirkettApr 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.
