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The Baltic Exchange's main sea freight index fell for a sixth straight day to 1,395 points on November 6, 2018, its lowest since September 19. The capesize index slid 4.2% to 2,296 points on waning demand, while panamax rose slightly in earnings.
Falling capesize rates reflect softer dry-bulk demand, which lowers shipping costs for bulk feed ingredients but signals weaker trade volumes. The effect on feed grain prices is modest.
marinelink.comK. Sathya NarayananNov 6, 2018Not 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.
