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The Baltic Dry Index fell 2.49% to 1,765 points on January 25, 2021, down 45 points from January 22. The index tracks dry bulk shipping rates for commodities including grain.
A lower dry bulk freight index suggests softer ocean shipping costs for grain exports, a modest bearish signal for ocean freight.
doi.orgMatt Chang, Matt Chang, Matt Chang, Kranti MulikJan 28, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
