Its been awhile, hope you all are having a great start to your summer.
On the shipping front, nothing has really changed. Steady seems the right word.
While China remains mostly on the sidelines for grain, alternative markets and products remain the name of the game. The world still needs US commodities to feed it’s population and manufacturing systems and that won’t change any time soon.
Weather continues to be a challenge in shipping from the interiors and seems like it will be for a bit. While we are finding solutions to the problems, it is work and a grind, but I suppose that is just shipping / logistics and trading anyway, so nothing new.
The freight market doesn’t seem like it is going anywhere. Our advise to shippers is to remain aggressive in sales as they relate to freight rates, as we are still bearish thru the summer months. Come at us with any and all opportunities you see out there for support, we got your back.
All the best.