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A U.S. Grains Council market perspectives update says dry-bulk markets are trading in a narrow range with rates mostly unchanged. U.S. Gulf and PNW grain vessel lineups are diminishing and South American east-coast demand is not robust, while Black Sea small-coaster rates have spiked to over $40 per MT due to a shortage of small vessels.
Stable Gulf and PNW freight with thin South American demand points to little freight-driven pressure on US grain export basis, while the Black Sea coaster squeeze raises costs for regional grain movements.
grains.orgNov 9, 2017grains.orgNov 9, 2017grains.orgNov 9, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
