
The Baltic Exchange's main dry bulk freight index ended a seven-session winning streak on Friday as capesize rates eased, though it still posted its fourth straight weekly gain. Capesize earnings fell to $39,295 a day while panamax rates held near their highest since October 22.
Dalian iron ore futures fell as Chinese port stocks rose and steel demand stayed weak.
Freight rate moves reflect changing demand for bulk shipping of coal, grain and iron ore, and they feed into landed costs for feed ingredients. The modest daily easing and continued weekly gains suggest only a small shift in ocean freight costs.
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.