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Open interest in dry freight futures has reached its highest level in up to seven years for some bulker segments after recent sell-offs. The physical dry bulk market continues to suffer from weak demand and depressed rates, though some signs of improvement have emerged.
Rising futures open interest alongside weak physical rates points to hedging and speculative activity in freight, with physical ocean freight still under pressure. This keeps grain and oilseed shipping costs subdued.
tradewindsnews.comMar 30, 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.
