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Bimco and Braemar ACM both project that trade disputes and weak fundamentals will weigh on the dry bulk market and the Baltic Dry Index in 2019. Norvic Shipping's CEO describes the market as strained across the board.
Expectations of a weaker Baltic Dry Index suggest lower ocean freight costs for feed grain and meal shipments, though trade-war uncertainty could also disrupt soybean flows.
shippingwatch.comJan 29, 2019Not enough comparable past events yet for a historical read.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
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.
