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The Baltic Dry Index rose again, with Panamax rates leading and Capesize rates easing as charterers shifted to smaller ships. The article describes the rate move without a single new cause.
Freight rate moves affect the delivered cost of bulk grains and meal, but this routine wrap adds little new supply or demand information.
tradewindsnews.comMichael AngellNov 15, 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.
