Dry-Bulk Markets In paper dry-bulk markets, the Capesize sector increased slightly this week on stronger demand from miners, but the move was insufficient to support the Panamax or Supramax markets, which turned lower. Most of the dry bulk markets are simply waiting for the economies of China and other major importers to improve and boost cargo demand. until that happens, freight markets look to remain locked in a sideways malaise.
Capesize, Panamax, and Supramax forward curves all rallied this week with the Capesize FFA 5TC curve driving most of the move. The Capesize rally came amid a tightening tonnage list, which stems partly from strong iron ore volumes from West Australia as well as the industry’s increased ballasti...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
Key Takeaways: The recent pearl-clutching from parts of the beef industry regarding the loss of the daily Kansas fed cattle negotiated trade pricing report is overwrought and ignores the fact that the direction was readily apparent. The shift away from negotiated trade has been well docu...
