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The Baltic Exchange dry bulk index rose 53 points to 1,353, its highest since April 7, as all vessel segments gained. The capesize index climbed to 1,846 and the panamax index rose 2.9% to 1,372.
The supramax index reached a three-week high at 976.
Higher capesize, panamax and supramax rates raise the cost of moving grain and oilseeds by sea. Feed buyers should expect firmer ocean freight in the near term.
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.