FX.co ★ Baltic Dry Index Snaps 2-Day Advance

The Baltic Exchange's dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, ended a two-session advance on Wednesday, edging down 0.3% to 2,670 points. The capesize index, covering ships that typically haul 150,000-ton cargoes such as iron ore and coal, slipped 0.5% to 4,283 points, while the supramax index declined 0.5% to 1,534 points. In contrast, the panamax index, which reflects vessels that usually carry 60,000 to 70,000 tons of coal or grain, gained 0.7% to 1,979 points.