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The Baltic Dry Index rose 3.2% to 1,418 on January 5, its highest since mid-October 2020. Capesize and panamax rates both gained, with capesize earnings up $752 per day and panamax up $529 per day.
Rising capesize and panamax rates increase the cost of moving bulk commodities, including grain and coal cargoes, which tends to raise freight-inclusive import costs.
gcaptain.comReutersJan 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.
