# Seaport redraws 2019 bulker rate forecasts on demand drag

> 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.

- Date: 2019-01-15 · published 2019-01-15T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/61282-seaport-redraws-2019-bulker-rate-forecasts-on-demand-drag
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower forecast bulker rates point to cheaper ocean freight for grain and oilseed cargoes over the year, which modestly supports landed feed costs.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/seaport-redraws-2019-bulker-rate-forecasts-on-demand-drag/2-1-519575

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