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The Baltic Dry Index hit its highest point since July 2018, and Capesize and Panamax daily rates rose sharply week-on-week on July 9. Executives from several bulk operators attributed the rally to strong demand and tight supply.
Rising bulk freight rates increase the cost of moving grain and oilseeds to importers, which supports freight-linked basis and can pressure feed ingredient margins.
freightwaves.comGreg MillerJul 10, 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.
