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The Baltic Exchange's main dry bulk index rose 1.8% to 2,854 points, its highest level since October 9. Capesize and Panamax rates gained, while the Supramax index edged lower.
Higher bulk-vessel rates can raise the cost of moving feed grains and other agricultural commodities, though this broad shipping-index move does not establish a grain-specific freight change.
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.