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The Baltic Exchange's main sea freight index fell 2.19% to 2,590 points on Tuesday, its lowest since October 19, as rates weakened across all vessel segments. The Capesize index dropped 3.58% to 3,821 points and the Panamax index extended its losing streak to 15 sessions.
Lower dry bulk freight rates reduce the cost of shipping grains and oilseeds, which can ease landed costs for feed importers, though the move mainly reflects weak iron ore demand in China rather than agricultural flows.
bairdmaritime.comReutersNov 3, 2026
worldports.orgEmily CarterNov 3, 2026Not 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.
