Loading…
The Baltic Dry Index rose for 12 straight sessions to 973 points on June 15, up from a four-year low of 393 in mid-May. The Panamax index, which tracks grain and coal vessels, was at 884 points, roughly double its lows of a month earlier.
Ocean freight rates are rising as economies show signs of recovery from the COVID-19 slowdown.
Higher panamax and ocean freight rates raise landed costs for grain exports, which can make Canadian origin less competitive into some markets.
grainews.caMarketsFarm Team, GFM Network NewsJun 15, 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.
