AgTalk Home
AgTalk Home
Search Forums | Classifieds (226) | Skins | Language
You are logged in as a guest. ( logon | register )

China takes 6 cargos of Brazilian beans
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
Posted 9/14/2021 22:29 (#9220830 - in reply to #9220726)
Subject: RE: China takes 6 cargos of Brazilian beans

Boats were not “diverted” in the true sense of the word. Old news in Cash and futures market. Barge lines have not been placing loaded barges at gulf destinations……That is changing now. Panamax rates trading $~33000/day. Contracted Demurrage rates ( cost paid to shipowner for sitting) more painful than spot rates.
Risk/ reward says take the optional origin per contract terms and not pay incremental ocean freight as well as demurrage consequences to wait in an export lineup that you don’t know when it will move.

Nothing more….nothing less….A blip.
Top of the page Bottom of the page

Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)