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FreightWaves reports that dry bulk rates rose to multi-year highs in August and September before easing, with Capesize rates at $24,900 per day in mid-October against a September 4 peak of $37,500. Analysts debate whether a sustained recovery is underway, with a seasonal slowdown expected ahead.
Softer dry-bulk earnings after a strong late-summer run tend to lower ocean grain freight costs, affecting landed prices for grain and meal importers.
freightwaves.comGreg MillerOct 28, 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.
