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The Baltic Exchange's main dry-bulk index fell 2% to 1,546 points on Wednesday, driven by weaker panamax and supramax rates. Panamax daily earnings dropped $368 to $13,372, while capesize rates edged up.
Lower panamax rates, the vessel class that carries US and Brazilian grain cargoes, point to softer ocean freight costs for grain and meal exporters, which can modestly widen export margins.
marinelink.comMichelle HowardOct 24, 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.
