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The Baltic dry bulk index fell for a ninth straight session to 2,294, its lowest since April 14. Capesize and panamax earnings both declined, and the panamax index hit a one-month low.
A sustained fall in dry bulk rates lowers the freight component of grain and oilseed imports, which can soften delivered prices for feed buyers in the near term.
marinelink.comDec 21, 2021Not 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.
