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The dry bulk freight market closed 2016 with a recovery from a record low of 290 points in February to around 1,000 points by November, now near 960. Analysts expect continued strength in 2017 supported by higher commodity prices, though China's demand and infrastructure stimulus remain risks.
Higher freight rates raise the landed cost of imported feed ingredients such as soybeans, corn and grains shipped by sea, which feeds into buyers' input costs.
seatrade-maritime.comLee Hong LiangDec 30, 2016Not 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.
