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The Baltic Exchange weekly dry bulk report for Week 5 shows Capesize rates ending the week in the upper US$9.00s on the Pacific route and C3 in the low US$26.00s in the Atlantic. Panamax grain cargoes outperformed minerals in the Atlantic, though the market was calm early in the week.
Firm Capesize and Panamax rates raise the cost of moving grain and oilseeds on long-haul routes, which feeds through to import costs for feed buyers.
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.