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The Daily Cargo News weekly report says the Baltic Dry Index fell to 1378 on November 1 from 1410 the prior Friday. Capesize softened on sparse Atlantic activity and Pacific holiday disruptions, and the BCI 5TC closed at US$15,329.
A slightly lower Baltic Dry Index points to modestly cheaper ocean freight for grain shipments, with limited direct impact on feed commodity prices.
thedcn.com.auDaily Cargo NewsOct 31, 2024Not 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.
