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The Baltic Dry Index fell to 1,222 points on Wednesday after reaching a four-month high of 1,266 on Monday. Capesize freight fell as more offers came in on physical and paper markets, with September values down and Cal 18 trading lower.
A pullback in dry-bulk freight lowers the cost of moving grain and oilseeds on the water, a modest bearish signal for ocean freight.
seatrade-maritime.comMarcus HandAug 25, 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.
