Loading…
Capesize spot rates fell sharply at the end of the week of November 30, 2018, erasing an early-week rally. Pacific round voyages lost over $2,000 daily, while Panamax rates held firm near $14,000 daily for early December dates.
Capesize weakness lowers bulk shipping costs, while firmer Panamax rates support grain and meal freight. The net effect on feed ingredient prices is limited.
bmti-report.comBen PerryNov 30, 2018Not 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.
