Loading…
Capesize FFA rates rebounded after a series of sharp falls, with the 5TC contract rising from $6,305 on Monday to $7,185 on Wednesday, up 14%. The Baltic Dry Index rose to 859 points, its third straight daily gain.
Freight rebounds raise the cost of moving bulk commodities such as grain and soybeans from origin, which can narrow FOB basis and lift delivered feed costs; the rally is paper-led and not yet confirmed in physical cargo demand.
seatrade-maritime.comLee Hong LiangJul 14, 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.
