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Freight Investor Services has backed the launch of the Baltic Exchange Panamax P8 grain route, which covers soybean shipments from Santos to Qingdao. The route gives shipowners and grain traders a new way to hedge freight, and it carries about $2 million of unhedged risk per trip at current pricing.
A dedicated hedge for the Brazil-China soybean freight leg adds liquidity to dry freight markets, but it does not by itself change soybean prices.
splash247.comSam ChambersMar 22, 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.
