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The Baltic Exchange's changes to the Baltic Dry Index, including dropping handysizes and reweighting the largest classes, could make the index tradable. The article also recounts the Singapore Exchange's 2016 acquisition of the Baltic Exchange and the container shipping slump.
A tradable dry bulk freight benchmark could add speculative flows to freight markets, which affect bulk grain shipping costs, though the effect on feed prices is indirect.
freightwaves.comJohn Paul HampsteadFeb 5, 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.
