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The Baltic Exchange's main dry bulk index rose 56 points, or 4.2%, to 1,385 on June 29. The capesize index rose 7.2% to 2,170 after eight sessions of losses, and the panamax index rose 0.4%.
Higher capesize and panamax earnings raise the cost of moving bulk cargoes, including grain, across oceans. This makes ocean grain freight somewhat more expensive for buyers.
marinelink.comJoseph KeefeJun 29, 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.
