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The Baltic Exchange's main dry bulk index fell for an eleventh straight session on May 30, 2018, down 1.4% to 1,042 points amid falling demand across vessel segments. The capesize and panamax sub-indices also declined, with panamax earnings at about $9,262 per day.
Lower dry bulk freight rates reduce the cost of shipping grain and oilseed cargoes from origin, which can narrow FOB-to-delivered spreads for buyers, though the effect on feed commodity prices themselves is modest.
marinelink.comMay 30, 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.
