Loading…
The Baltic Exchange dry bulk index fell for a second straight session on August 27, losing 41 points to 1,721. Capesize, panamax and supramax rates all declined.
Iron ore futures rose to a near three-week high on Chinese steel buying ahead of peak season.
Lower dry bulk rates reduce the cost of shipping grain and oilseeds on bulk vessels, which can weigh on freight-sensitive export margins. The index is a broad freight gauge rather than a grain-specific driver.
shippingherald.cominfo infoAug 28, 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.
