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Ocean shipping costs for grain surged in late 2017 as bulk freight demand spiked and vessel supply growth slowed. Analysts expect freight rates to stay elevated compared with recent years through much of 2018, despite a possible seasonal first-quarter dip.
Higher ocean freight raises the landed cost of imported grains and feedstuffs for buyers in importing regions, supporting delivered prices even when origin prices are flat.
world-grain.comMichael KingJan 26, 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.
