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Capesize dry-bulk rates pushed higher on Atlantic Basin tightness and rumours involving Vale. Brokers describe the market as frothy as rates reach highs.
Rising capesize rates increase bulk freight costs for raw materials and can raise delivered costs of imported and exported grains and oilseeds.
prod.int.joc.comBruce Barnard, Special CorrespondentNov 22, 2016Not 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.
