ocean freight Archives | Alberta Farmer Express

File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)

Baltic Dry Index hits 12-year high

Canadian grain exports slow either way

By Phil Franz-Warkentin, GFM Network News 3 days ago

MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking its highest level since November […] Read more

Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)

Crops, Markets

Ocean freight rates at decade highs

By Phil Franz-Warkentin, GFM Network News May 7, 2021

MarketsFarm — Ocean freight rates have climbed steadily higher over the past year, recovering from the lows hit at the start of the pandemic in early 2020 to see their highest levels in over a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, hit a high of 3,266 points on Wednesday. […] Read more

Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)

Crops, Markets

Baltic Dry Index tops 2,000 points

By Phil Franz-Warkentin, GFM Network News March 17, 2021

MarketsFarm — Ocean freight rates have moved steadily higher over the past month, nearing some of their highest levels of the past year. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher most of the past month, settling above 2,000 points for the first time in five months on Tuesday, […] Read more

Crops, Markets

Baltic Dry Index at four-month lows

Declining demand seen from China

By MarketsFarm Team, GFM Network News November 6, 2020

MarketsFarm — Ocean freight rates have fallen off of their highs of the past year over the course of the past month, but remain well above the lows hit in the spring when global markets first started reacting to the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved […] Read more

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Crops, Markets

Ocean freight rate index moving higher

By MarketsFarm Team, GFM Network News June 15, 2020

MarketsFarm — Ocean freight rates have shown steady gains over the past month, rising to some of their highest levels of 2020 as world economies show signs of recovery amid the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher for 12 straight sessions, hitting 973 points on […] Read more

Crops, Markets

Ocean freight rates trending lower

By Phil Franz-Warkentin - MarketsFarm January 6, 2020

MarketsFarm — The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector, […] Read more

Crops, Markets

Ocean freight index hits five-and-a-half year highs

By Phil Franz-Warkentin - MarketsFarm July 16, 2019

MarketsFarm — The Baltic Dry Index (BDI) has steadily increased over the past few months, hitting its highest levels in five-and-a-half years. The BDI settled Tuesday at 2,011 points, the highest level for the ocean freight rate indicator since January 2014. The BDI has been on a steady uptrend since hitting a two-and-a-half year low […] Read more

(Photo courtesy Canola Council of Canada)

Canola, Crops, Markets, Weather

Canadian canola could make its way into Australia

By Ashley Robinson - MarketsFarm September 28, 2018

CNS Canada — A potential shortage of canola on Australia’s east coast has the oilseed industry there musing about the potential of importing Canadian canola to keep processing plants going. A story Tuesday on the Australian website Farm Online quoted Australian Oilseeds Federation CEO Nick Goddard as explaining the potential for Canadian canola to make […] Read more

(Commercial Port of Vladivostok, vmtp.ru)

Crops, Machinery & Shop, Markets

Baltic Dry Index hits three-year highs

By Phil Franz-Warkentin - MarketsFarm September 12, 2017

CNS Canada — The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years. The BDI settled Monday at 1,355 points, having gained roughly 500 points over the past two months. The index was last this high in November 2014. The BDI is compiled […] Read more

Crops, Machinery & Shop

Baltic Dry Index hits two-year highs

By Phil Franz-Warkentin - MarketsFarm March 28, 2017

CNS Canada — Ocean freight rates are trending higher, with the Baltic Dry Index (BDI) hitting its highest level of the past two years on Tuesday. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. It was quoted Tuesday at […] Read more

U.S. grains: Corn, soybeans slump with harvest pressure, equities, oil

U.S. extends travel restrictions at Canada, Mexico borders

Baltic Dry Index hits 12-year high

GFM Network News

U.S. grains: Corn, soybeans slump with harvest pressure, equities, oil

U.S. extends travel restrictions at Canada, Mexico borders

Baltic Dry Index hits 12-year high

Tag Archives ocean freight

Baltic Dry Index hits 12-year high

Ocean freight rates at decade highs

Baltic Dry Index tops 2,000 points

Baltic Dry Index at four-month lows

Ocean freight rate index moving higher

Ocean freight rates trending lower

Ocean freight index hits five-and-a-half year highs

Canadian canola could make its way into Australia

Baltic Dry Index hits three-year highs

Baltic Dry Index hits two-year highs

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