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The Baltic Dry Index hit its highest level in 13 years on 27 September, rising 73 points to 4,717, with the capesize index up 3% to 7,600. Analysts cited global shipping constraints, Chinese port congestion from COVID-19, and a commodities demand rebound.
Rising bulk freight rates raise the cost of moving feed grains and meals by sea, supporting delivered prices for imported feed ingredients.
gcaptain.comReutersSep 27, 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.
