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The Baltic Exchange's main sea freight index rose 3.4% to 2,959 points on Wednesday, its sixth straight daily gain and highest since October 8. Capesize, Panamax and supramax segments all rose, with the Capesize index up 5.5%.
Higher dry bulk freight rates raise the landed cost of grain and oilseed cargoes, which can widen price spreads between origins and support export competitiveness considerations for buyers.
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.