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Operators of smaller dry bulk carriers are expected to benefit as grain shipment volumes rise, keeping handysize and supramax vessels busy with some overflow to panamaxes. Demand for wheat and rice from China, Vietnam and India is driving record activity in the global wheat trade.
Rising Asian grain import demand supports ocean freight for grain cargoes, which can lift grain freight costs for exporters and buyers. The effect on feed grain prices themselves is indirect.
tradewindsnews.comJonathan Boonzaier Singapore (undefinedFeb 23, 2017After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 189 past bullish trade events, RICE moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.
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.
