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The Baltic Exchange, now owned by Singapore Exchange, is considering new freight indexes for grains and LNG, including a possible benchmark route from South America or the US to China. CEO Mark Jackson said the grain index would add volatility and trading opportunities.
A grain freight benchmark would give traders a hedging tool for ocean freight on US and South American feed grain flows to China, but it has no near-term effect on prices.
marinelink.comEric HaunJun 14, 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.
