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The Baltic Exchange's main sea freight index fell 0.4% to 1,551 points as capesize rates dropped, marking four straight sessions of losses for the capesize index. Panamax and supramax indices rose, with panamax earnings up $100 to $10,894 per day.
Dry bulk freight rates influence the landed cost of grain and soybean imports, so softer capesize rates modestly ease costs for feed importers, while firmer panamax rates raise costs on grain cargoes.
scceu.orgscceuDec 29, 2019Not 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.
