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The Baltic Exchange's main sea freight index fell 2 percent to 546, its lowest since April 2016 and a 32nd straight session of losses. Capesize earnings dropped to $4,632 per day and panamax earnings fell to $6,054 per day.
Weaker dry bulk rates reduce the cost of moving grain and oilseeds by sea, which lowers delivered prices for importers but signals soft freight demand.
scceu.orgscceuJan 28, 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.
