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The Baltic Dry Index rose 1.3% to 1518 on January 26, led by smaller vessels while capesize rates were weaker over the week. The article notes Red Sea shipping crisis effects, though steel shipments have not yet been significantly affected.
Dry bulk index gains are modest and driven by smaller-ship segments, so the effect on grain freight costs for feed buyers is limited.
gmk.centerHalina YermolenkoJan 29, 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.
