World Perspectives

FOB Prices and Freight Rate App (Updated 8 April)

Ocean Freight Comments - 8 April 2021 By Jay O'Neil Commodity Consulting Following the crazy price action of the first quarter of 2021, dry-bulk markets have considerable rebalancing to do. Over the past three months, markets have been highly unusual whereby the smaller Handysize, and up to Panamax size, vessels have been earning more than Capesize vessels. A market correction is now taking place with Capesize markets stronger as the smaller size vessel markets adjust downward. North and South regional spreads are also adjusting. Overall, vessel owners continue to look for rates to improve further beyond the typically soft first quarter. Vessel new build orders are climbing and even bankers are growing more optimistic about freight eco...

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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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