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The Baltic Exchange's main dry bulk sea freight index rose 53 points, or 3.7 percent, to 1,503 on Wednesday, its sixth straight session of gains. Capesize, panamax and supramax rates all firmed, with the panamax index touching its highest since December 2017.
Higher dry bulk freight raises the delivered cost of grain and oilseed cargoes, particularly panamax grain shipments, which can narrow FOB-to-landed margins for feed importers.
marinelink.comMichelle HowardSep 26, 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.
