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The Baltic Dry Index has fallen back toward normal levels as post-pandemic shipping strain eases. Container ship backlogs at Los Angeles and Long Beach are down to single digits.
Shippers have rerouted some cargo to the Gulf and East Coast.
Lower ocean freight costs reduce import and export logistics expenses for feed ingredients. The article suggests soybean shipping is becoming cheaper, which slightly supports export competitiveness.
dtnpf.comElaine KubNov 16, 2022Not 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.
