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The Baltic Dry Index fell from above 5,600 in early October 2021 to below 1,400, reportedly on lower seasonal demand. The Capesize index dropped to its lowest level since June 2020.
Container shipping rates have eased only slightly from 2021 highs amid port congestion.
Lower bulk freight rates reduce the cost of moving grain and oilseeds, which supports export competitiveness for origins that ship by sea, while congestion and high container rates keep costs elevated for some exporters.
alberta.caJan 31, 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.
