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Capesize rates on the West Australia to China run dipped below $6.00 before recovering, and Panamax rates fell across most routes during the week. Timecharter and voyage rates were reported lower for several routes in the Baltic Exchange weekly roundup.
Softer Panamax and Capesize rates lower ocean freight costs for grain and feed ingredient imports, a modest bearish signal for delivered feed prices.
businesstimes.com.sgJan 20, 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.
