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The Baltic Dry Index rose 0.3% to 2,862 points, its highest level since October 9. The Panamax index gained 1.9%, while Capesize was unchanged and Supramax fell 0.2%.
Higher Panamax freight rates can raise the cost of moving bulk commodities, including grain, although the report gives no specific cause for the increase.
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.