World Perspectives

Freight Market Updates and WPI Freight App

Transportation and Freight Market Comments Dry Bulk Markets  Dry bulk markets continue to drift sideways or lower as they wait for improved cargo demand. This past week saw continued limited cargo demand and vessel owners are trying defend rates while buyers bring unmotivated inquiries. The exception to that statement is the Capesize market where a surge in “Guinean bauxite exports to China” helped push the sector higher. Additionally, the U.S.-China trade war truce helped push iron ore futures to a five-week high on expectations that China’s steel manufacturing will increase again.  The Capesize FFA 5TC curve rallied again this week with Australian miners buying in both paper and physical markets to cover June s...

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FOB Prices and Freight Rates App (Updated 22 April)

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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