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The Baltic Exchange is consulting market participants on two proposed New Panamax grain voyage routes, Mississippi River to Qingdao and Santos to Qingdao, to decide which to report. Comments are due by 25 April 2017 before a recommendation goes to the Baltic Index Council.
A standardized grain freight benchmark would improve price transparency for ocean grain shipping, which buyers can use to hedge freight costs on US and Brazilian cargoes to China.
balticexchange.comApr 7, 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.
