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Capesize rates fell heavily as Cyclone Veronica closed Port Hedland and Dampier and Atlantic cargo stayed scarce. Panamax rates improved on South American demand for early April loadings, with Kamsarmax fixtures reported near $16,000 per day.
Higher Panamax rates on South American routes raise freight costs for grain exports from Brazil and Argentina, which can narrow export margins and support delivered soy and corn prices.
services.naftemporiki.grNaftemporikiMar 26, 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.
