Loading…
Stifel's maritime update says U.S. coal production and domestic consumption keep falling, while coal exports rose to 10.1 million metric tons in April, the highest monthly total since March 2013. First-half coal exports are up nearly 24% year over year, with about 80% of global coal exports bound for Asia.
Stronger coal export flows lengthen ton-miles and absorb barge and vessel capacity, which can support freight rates for dry bulk, including grain movements. The effect on grain prices is indirect.
freightwaves.comFreightWaves StaffJun 11, 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.
