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Global dry-bulk freight rallied early in the week but sold off Thursday as iron ore prices rose and demand eased. Grain demand stayed good without a pickup in cargo, and a Paraguayan corn cargo was reported bound for Wilmington, Delaware in May.
US interior rail and barge rates were described as very low.
Soft interior barge and rail rates support low-cost US grain movement, while the Paraguayan corn cargo signals import competition on the US East Coast.
grains.orgApr 20, 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.
