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Brazil–China Capesize freight rates moved further above West Australia–China rates for a second week, with the C3–C5 spread rising above its 52-week average and around $22.7/mt on November 2. C5 vessel availability has increased while C3 ships remain relatively tight, even as iron ore prices hit a two-year low and China’s manufacturing PMI returned to contraction.
The widening freight premium raises the relative shipping cost of Brazilian bulk cargoes to China, though the article describes vessel-market conditions rather than a direct change in feed-grain trade. It does not establish a clear price impact for the listed feed commodities.
ajot.comAJOTNov 6, 2026Not 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.
