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BIMCO's chief shipping analyst reports that the Baltic Dry Index rose strongly through the first three quarters of 2018 but is unlikely to climb further in Q4. Capesize demand faces headwinds from lower Chinese iron ore imports, and US Gulf to China soybean shipments are expected to fall well short of 2017 levels.
Weaker US soybean exports to China reduce Panamax demand on the Gulf-China route, which points to softer ocean freight for oilseed cargoes.
porttechnology.orgJan 8, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
Not 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.
