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The Baltic Exchange weekly report for 24-28 June showed mixed Capesize activity, with the Cape 5TC rising from $17,947 to $19,360 while West Australian rates softened. Panamax rates in the Atlantic rose over $2,500 for transatlantic rounds on a shortage of available ships.
Higher dry bulk freight rates raise the cost of moving grain and oilseeds on ocean routes, which feeds into landed feed ingredient costs for importers.
naftemporiki.grJun 30, 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.
