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Bloomberg reports a key bulk-shipping rate index reached its highest level since December 2023, driven by Capesize demand and tightening vessel supply. The index rose to 2,991 points, extending gains for a fourth session.
Higher dry bulk rates raise the cost of moving grain and oilseeds on the water, supporting delivered feed ingredient prices.
bloomberg.comKatharine GemmellMay 7, 2026Not 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.
