Key Global Shipping Index Showing Mixed Future Demand

The Baltic Dry Index tracks global prices to move commodities by the three largest categories of ships – up to 150,000 tons.  It includes things like iron ore, coal, cement, and grain.  It’s considered one the best leading economic indicators because it measures global raw materials demand.  After showing strong improvement in September and early October, it’s been tumbling again.  For now, it’s hard to gauge the effects of the Ukraine & Russia mess. 

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