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The Baltic Dry Index rose 14 points to 884 on June 26, 2017, its highest level since late May, driven by higher cape, panamax and supramax rates. The index had been under pressure as the seasonal northern hemisphere summer slowdown approached.
A firmer dry bulk index raises the cost of moving grains and oilseeds by sea, which can widen basis and support export-linked feed prices.
news.metal.comJun 28, 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.
