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The Baltic Dry Index fell on August 25, ending an 11-session rally that had lifted it to its highest level since 2010. The capesize index dropped 1.6% while the panamax index rose to a six-week high.
China's Meishan terminal at Ningbo reopened after a two-week shutdown tied to a COVID-19 case.
The partial pullback in freight rates eases some cost pressure on grain shipments, though rates remain near multi-year highs.
Not 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.