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The Baltic Dry Index reached 2,518 points on September 4, its highest since November 2010, driven by Capesize and Panamax demand. Analysts cited strong Brazilian iron ore shipments to China and grain exports.
Sustained freight strength raises the cost of moving grains and feed ingredients by sea, tightening the spread between origin and destination prices for feed buyers.
freightwaves.comGreg MillerSep 5, 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.
