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The Baltic Dry Index fell to 1,114 on 1 February 2018, down 38 points and near a five-month low, as cargo availability was thin before Lunar New Year. Traders expected little movement until after the Spring Festival, with a modest mini-rally in capesize paper later in the week.
Weak dry bulk rates lower ocean freight costs for grain and oilseed imports, slightly supporting landed feed ingredient prices for importers.
seatrade-maritime.comMarcus HandFeb 2, 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.
