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The Baltic Dry Index posted its largest-ever weekly gain, rising 68.5% to close at a six-month high of 1555 points. The rebound was driven by renewed Chinese iron ore demand and higher Brazilian iron ore exports, and the index has risen almost 300% from its May low.
Higher dry-bulk freight rates raise the cost of moving grain and oilseeds, which can narrow export margins and feed into delivered feed prices.
scceu.orgscceuJul 10, 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.
