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The Baltic Dry Index rose 0.3% to 2,862 points, its highest level since October 9, as Panamax rates strengthened. Panamax earnings increased while Capesize rates were nearly unchanged and Supramax rates edged lower.
Higher Panamax rates can raise freight costs for grain and other bulk cargoes, though the index move was modest and mixed across vessel classes.
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.