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Shipping equities were trading lower in early January as rumours circulated that Houthi rebels had reached an agreement with shipping companies for safe passage, which Maersk and Hapag-Lloyd denied. Analysts said Middle East conflict and Latin American drought could push shipping rates higher.
Expectations of higher dry bulk and container rates raise the cost of moving grain and meal, though the story is mainly about equity moves and rumour.
business.sherbrookerecord.comMarketBeatMay 25, 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.
