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The MID-SHIP report says the dry bulk freight market is recovering from its cyclical low, with the Baltic Dry Index at 1338 on March 29, its highest since November 2014, before easing to 1282 by April 4. Barge demand is flat, spot grain barge rates have fallen below the benchmark tariff, and heavy rain and lock repairs are disrupting river navigation.
Firmer ocean freight raises the cost of moving grain and meal from origin to buyers. Weak barge rates, however, reflect surplus river capacity that partly offsets the disruption and keeps inland freight costs contained.
steelmarketupdate.comSandy WilliamsApr 3, 2017Not 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.
