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The Baltic Exchange weekly dry bulk report for Week 39 says the Capesize index rose sharply, closing at US$30,598 on strong North Atlantic activity. The Panamax market was lethargic, with rates drifting lower as Asian activity eased ahead of Golden Week holidays.
Dry bulk freight rates affect the landed cost of imported feed grains and oilseeds, so firmer Capesize rates raise costs for buyers importing from South America while softer Panamax rates offer some relief for Asia-bound grain cargoes.
drybulkmagazine.comAlfie Lloyd-PerksSep 30, 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.
