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The Baltic Dry Index rose 9.6% to 2,710 on April 21, its highest since October 2010. The Capesize index jumped 16.2%, driven by iron ore shipments from Brazil.
The Panamax index rose 5.2% to a three-week high.
Sharply higher dry-bulk freight rates raise the cost of moving grain and oilseeds by sea, which can widen export spreads and support freight-linked prices.
gcaptain.comReutersApr 21, 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.
