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The Baltic Dry Index rose 3.5% to 3,266 on May 5, its highest since June 2010. The Capesize index reached an 11-year high, with grain trade cited as a source of demand.
Strong dry bulk rates, supported partly by US grain shipments, raise the cost of moving grain and feed ingredients by sea. Higher freight also feeds into delivered prices for imported feed.
gcaptain.comReutersMay 5, 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.
