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Capesize rates were mixed in the week's roundup, with the West Australia to China run slipping to the mid US$8 range for November cargoes. Brazil rates closed above US$18 and transatlantic rates held around the mid US$20,000s daily.
Timecharter rates for northwest Europe deliveries held near the low US$30,000s.
Routine weekly freight wraps show that rate direction is uneven across routes, so ocean grain freight costs for feed buyers depend heavily on origin and destination.
businesstimes.com.sgOct 22, 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.
