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Physical dry-bulk ocean freight rates were flat to slightly lower last week and then recovered by about $0.25 per metric ton this week. Analysts say the market appears to have bottomed out while traders assess the outlook.
Low-sulfur fuel is becoming more available ahead of IMO 2020.
Flat dry-bulk rates keep ocean freight costs for grain and oilseed exports steady, with only small near-term price implications.
grains.orgOct 10, 2019Not 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.
