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Dry bulk Capesize rates hit $37,500 per day on September 4, their highest in five years, and the sector is recovering from a weak start to the year. The article also notes container shipping rates held steady in the same week.
Elevated bulk freight costs increase the delivered price of imported feed ingredients and grains, while the Capesize strength reflects strong ore and grain demand.
freightwaves.comGreg MillerSep 11, 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.
