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Baltic Exchange data show Forward Freight Agreement trading volumes rose in 2018, with dry bulk volumes up 1.4% and panamax options up 65%. Open interest in dry freight derivatives also climbed sharply by early January 2019.
Rising freight derivative activity reflects heavier hedging of shipping costs but does not by itself signal a directional change in ocean grain freight rates.
ajot.comAJOTJan 8, 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.
