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The U.S. Grains Council weekly commentary reports that Capesize markets eased slightly while Panamax rates rallied, with US Gulf to Asia rates near $40/MT after climbing from $22.50 over 13 months. The forward curve for dry-bulk sectors remains inverted, suggesting traders expect lower rates in Q3 and Q4 2017.
Firm Panamax rates raise ocean freight costs for US Gulf grain exports to Asia, but an inverted forward curve implies the premium is expected to fade later in the year.
grains.orgApr 13, 2017grains.orgApr 13, 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.
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.
