Loading…

The Baltic Exchange's main dry bulk index fell 2.4% to 2,648 points on Monday, its lowest since October 27, with weaker rates across all vessel segments. The Capesize index dropped nearly 4% and the Panamax index extended its losing streak to 14 sessions.
Lower freight rates reduce the cost of moving bulk commodities, which can ease landed costs for feed ingredients, though the effect on grain prices is usually small.
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.