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Capesize rates fell to near historical lows as the Baltic Capesize route 5TC dropped and the C8 Atlantic route weakened. Cyclone Veronica disrupted Pacific ports and Rio Tinto declared force majeure at Port Walcott.
Weak dry bulk freight rates lower the cost of moving commodities by sea, but disruptions at iron ore ports are a dry bulk story with little direct effect on feed grain prices.
services.naftemporiki.grNaftemporikiMar 31, 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.
