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Breakwave Advisors data show dry bulk volumes and rates down sharply year over year as of late April 2019, with the Baltic Dry Index averaging 789 year to date. China's soybean imports were down 14.3 percent year to date.
Some market participants see early signs of recovery.
Weak Chinese soybean import demand reduces seaborne grain and oilseed volumes and keeps freight pressure on bulk carriers. Signs of a rate recovery could lift freight costs modestly.
freightwaves.comFreightWaves StaffMay 2, 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.
