During April, panamax and capesize sectors felt tailwinds as some of the darkness in the market vanished.

The main South American grain export terminals were more than able to keep on loading incoming ships. Wheat, corn and soybean meal from Argentina and landslide soybean exports from Brazil made room for operators to ask for and get higher rates through the month.

Much needed Atlantic Basin support to the capesize market emerged from Brazil from the start of April too. After the complet...