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The Baltic Exchange weekly roundup reports Capesize 5TC routes opening the week at $29,624 and closing at $30,437 after a mid-week dip, with Brazil iron ore routes rising over $2 per tonne to $24.055. Panamax rates ran from $16,000 to $19,000 per day, driven by South American grain cargoes fixed for September loading in Asia.
Higher Panamax rates on South American grain routes raise the delivered cost of soybeans and meal into Asia, supporting freight-inclusive feed prices.
businesstimes.com.sgAug 25, 2019Not enough comparable past events yet for a historical read.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
