Loading…
The Baltic Dry Index rose to 1815 on 31 May 2024, with the Capesize C5 index up US$1.15 to US$11.135 on Pacific coal cargoes and the C9 index gaining US$3,129 on East Canada to China fronthaul. The Panamax market eased across the board for the week, with steady grain flows from North and South America.
Higher Capesize and Panamax rates raise the delivered cost of bulk feed ingredients such as soybeans, corn and meal on long-haul routes, modestly supporting landed prices for feed buyers. The Panamax softening limits that pressure for grain shipped on this size of vessel.
thedcn.com.auDaily Cargo NewsMay 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.
