# Rise in spot grain cargoes drives panamax freight rates volatility

> 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.

- Date: 2017-11-23 · published 2017-11-23T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/67880-rise-in-spot-grain-cargoes-drives-panamax-freight-rates-volatility
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: neutral

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/dry-cargo/rise-in-spot-grain-cargoes-drives-panamax-freight-rates-volatility/2-1-214262

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.