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Seaport Global has lowered its 2019 bulker rate forecasts, citing weaker dry cargo demand. The revised outlook reflects a softer market for dry bulk shipping.
Lower forecast bulker rates point to cheaper ocean freight for grain and oilseed cargoes over the year, which modestly supports landed feed costs.
tradewindsnews.comAndy PierceJan 15, 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.
