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The Baltic Exchange's main sea freight index passed 950 points, its highest since 2015, led by Capesize and Panamax indices. The Baltic Dry Index rose 43 points to 954 on the day.
Higher dry bulk freight rates increase the cost of shipping grains and oilseeds, which can widen delivered price differences for feed buyers.
news.metal.comNov 11, 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.
