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Dry-bulk freight rates have surged since July, lifting the Baltic Exchange's main freight gauge to its highest level in almost four years. Capesize rates have more than tripled, driven by strong Chinese demand for coal and iron ore.
Grain traders are facing higher shipping costs.
Higher ocean freight raises the landed cost of imported grains and oilseeds and widens origin-destination spreads, which can shift trade flows and support feed prices in importing regions.
bloomberg.comManisha Jha, Thomas BiesheuvelDec 11, 2017Not 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.
