# Brazil-China grain route goes live - Splash247

> 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.

- Date: 2019-03-22 · published 2019-03-22T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/60006-brazil-china-grain-route-goes-live-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: neutral

## Sources

- splash247.com: https://splash247.com/brazil-china-grain-route-goes-live/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.