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The U.S. Grains Council weekly market perspectives report includes an ocean freight commentary saying dry-bulk rates rose slightly but lost momentum during the week, with physical players hesitant to follow paper traders. It also notes container backhaul rates are flat and some Southeast Asian containerized grain rates are below dry-bulk CIF levels.
Stalled dry-bulk freight rate gains reduce the cost pressure on grain exports, while a shift toward containerized grain could affect bulk freight demand. The effect on feed ingredient prices is limited.
grains.orgAug 22, 2019grains.orgAug 22, 2019grains.orgAug 22, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
