Loading…
The Baltic Dry Index extended its rise to a 10th consecutive increase, with dry bulk freight costs at an 11-year high. Ships are tied up in port congestion, tightening available vessel capacity.
Higher dry bulk freight raises the landed cost of imported grains and oilseeds, pushing up delivered feed ingredient prices. Port congestion also delays cargo arrivals, tightening spot supply in importing markets.
bloomberg.comDamian Shepherd, Alex LongleyAug 23, 2021Not 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.
