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Capesize spot rates fell by more than US$1,500 in the week to the low US$6,000s daily as cargo volumes stayed limited. Panamax observers expected a firmer 6-8 weeks ahead on South American grain cargoes, and handysize rates rose on US Gulf demand.
Freight rates set the cost of moving feed grains and meal, and mixed moves across bulker classes leave the ocean freight outlook for feed importers unclear.
bmti-report.comBen PerryMar 16, 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.
