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Shipbrokers report that a rise in spot grain cargoes is driving volatility in panamax freight rates, with weekly swings expected as traders change chartering patterns. Buyers are reportedly waiting to see how low prices fall before committing to cargoes.
More frequent spot grain fixtures make panamax freight costs swing more, which feeds into landed grain costs for importers and the basis for feed ingredients shipped by sea.
tradewindsnews.comMichael AngellNov 23, 2017Not 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.
