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The Baltic Exchange dry bulk index rose to its highest level since December 2023 on Thursday, with the main index up 3.3% to 3,226. Capesize and panamax earnings also climbed, supported by iron ore, coal and grain demand.
Stronger dry bulk freight rates raise shipping costs for grain and oilseed cargoes, particularly on panamax routes, supporting delivered prices for imported feed ingredients.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.