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The Baltic panamax index rose 132 points, or 5.3%, to 2,621, a 14.9% weekly gain and its biggest in two months. Average daily earnings for panamax bulkers carrying grain and coal rose $1,182 to $23,586.
Firmer panamax rates raise the cost of moving grain and feed ingredients by sea, supporting landed feed costs and US Gulf export basis.
reuters.comNov 26, 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.
