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A U.S. Grains Council market perspectives report says ocean freight rates slipped during a quiet holiday week in Asia. The commentator notes uncertainty over the new U.S. administration's policies and reports early usage figures for the expanded Panama Canal locks, where few dry bulk vessels have transited so far.
Softer freight rates and policy uncertainty weigh on ocean freight and export competitiveness for dry bulk grain cargoes. Canal capacity trends favor container and LNG traffic over dry bulk, limiting freight upside.
grains.orgFeb 2, 2017grains.orgFeb 2, 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.
