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The Baltic Dry Index fell back to 934 points, below its January starting level of 953, after peaking above 1,300 in April. Capesize and panamax freight rates both declined through the week amid thin trading in the paper market.
Dry bulk freight costs feed into landed costs for imported feed ingredients such as soybeans and corn shipped to Asia, so weaker ocean rates modestly ease import logistics costs for feed buyers.
seatrade-maritime.comMarcus HandMay 26, 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.
