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The Baltic Dry Index closed at 2,280 points on Friday, down 3% and extending a 26-day losing streak, its longest since 2005. The index has shed about 45% since late May.
A weak dry bulk index signals slower raw material demand and cheap ocean freight, which lowers grain shipping costs for feed importers. It is a broad economic signal more than a direct grain driver.
Not 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.