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The Baltic Exchange's main dry bulk index rose to its highest level since 2009, led by capesize rates. Analysts pointed to port congestion in China and a broader commodities rebound.
A 12-year high in dry bulk rates signals expensive ocean freight, which feeds into higher delivered costs for imported grains and meals.
gcaptain.comReutersSep 23, 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.
