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The Capital Link Maritime Index rose 2.40% last week, outperforming the S&P 500 by about 3 percentage points. Tanker equities gained 4.74%, while clean tanker freight fell 5.44% and the Baltic Dry Index rose 2.03%.
Trading value declined 9.3% from the prior week.
This is equity market performance with no direct change in grain, oilseed or feed freight rates. It has little immediate effect on feed ingredient prices, though a Baltic Dry Index move can hint at bulk freight costs.
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.