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The spread between short-term and long-term ocean freight rates has widened sharply. Carriers and customers are refusing to concede, so rates remain volatile and unsettled.
A standoff between short- and long-dated freight pricing makes booking costs harder to hedge for feed importers, though the direction of the price move is unclear.
markets.bostonherald.comAssociated PressMar 6, 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.
