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Panamax bulk freight rates rose over the two days before January 16, 2020, even as the broader dry bulk market remained weak. The article cites Agritrade Resources' 73,200-dwt panamax vessel as an example of the market.
Firmer panamax rates raise the cost of moving grains and oilseeds on the Atlantic and Pacific routes. The move is small against a weak overall dry bulk market, so the price effect on feed ingredients is limited.
tradewindsnews.comMichael JulianoJan 16, 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.
