Key Takeaways:
- Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes.
- Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend continued into the Supramax and Handysize sectors, with the latter seeing the most improvement on USG grain demand and a softer environment otherwise.
- A big focus for the freight markets now is how the recent U.S. midterm elections will impact the war in Iran and the Trump administration’s broader policies, including issues such as tariffs and the port dockage fees for China-linked vessels.
- Tanker rates continue to correct ....
Key Takeaways: World prices are strong; U.S. grower data doesn’t show it. Australia's benchmark finished the 2025/26 season 61 percent higher, while the value of the 2025 U.S. clip fell 7 percent. The U.S. clip is coarser than the wool behind the headlines. Only about 7 percent was finer...
Veterans Day offers a moment to pause and recognize the people behind the uniform. To all who have served and the families who have supported them, thank you for your dedication, courage and sacrifice. Markets had plenty of headlines to digest today, and grains offered some encouraging follow-t...
