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The Baltic Dry Index rose 17 points to 1,415 on September 19, its highest since November 2014, with gains across capesize, panamax and supramax segments. Analysts said the dry bulk slump was nearing its end, citing Chinese infrastructure spending and a weaker dollar.
Broad-based dry bulk rate gains push up ocean freight costs for grain and oilseed cargoes, raising delivered prices for imported feed ingredients and favoring nearby supply.
shipandbunker.comShip, Bunker News TeamSep 19, 2017Not 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.
