Loading…
Panamax bulker rates slid as the US-China trade war reduced US soybean exports to China. Chinese coal imports were cited as the main factor that could lift rates in the final months of the year.
Weaker US soybean shipments to China lower demand for Panamax tonnage and put downward pressure on soybean export values. Freight rates may recover if coal demand picks up.
tradewindsnews.comMichael JulianoNov 6, 2019Not enough comparable past events yet for a historical read.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
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.
