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The U.S. Grains Council weekly market perspectives note reports that ocean dry-bulk markets were largely unchanged during the week, with Capesize rates easing slightly while Panamax and Handymax recovered late-week losses. It notes the Lunar New Year slowdown and that the Panama Canal's new locks are favoring container and tanker traffic over dry bulk.
Stable-to-soft dry-bulk freight through the holiday period keeps ocean grain freight costs roughly flat, limiting pressure on delivered feed grain prices into Asia.
grains.orgJan 26, 2017grains.orgJan 26, 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.
