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The Baltic Dry Index rose to 3,566 on August 13, its highest level since mid-2010, after a 5.8% weekly gain. Capesize, panamax and supramax rates all rose, with the supramax index at an all-time high since 2017 data.
Ports diverted vessels from a Chinese container terminal closed after a COVID case.
Rising dry bulk rates increase the cost of shipping grains and oilseeds, which can narrow export margins and support landed feed prices.
gcaptain.comReutersAug 13, 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.
