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The Baltic Dry Index rose again as capesize and panamax rates strengthened, with capesize spot market rallying though shipowners were cautious. Panamax bulkers were benefiting from improved Atlantic cargo supply over the summer.
Stronger dry bulk freight raises the cost of moving grains and oilseeds by sea, which can pressure export margins and delivered feed ingredient prices.
tradewindsnews.comHolly BirkettAug 4, 2020Not 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.
