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Capesize and dry bulk charter rates have reached levels not seen in years, with the Baltic Dry Index hitting its highest since December 2013 on July 18. Container rates to the U.S. are also rising and LNG shipping is gradually gaining traction.
Higher freight costs raise the landed cost of grains and soybeans shipped from South America and the Black Sea, which can widen origin spreads and cut farm-gate prices in exporting regions.
freightwaves.comGreg MillerJul 18, 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.
