Down 70 Points to 2201. Market eased in all areas due mostly to the declining level of grain stems from South America. What many scribes fail to realise that although the BDI is a good general indicator of the strength of the world economy it is also subject to 2 major factors that are short term issues and have nothing to do with long term economic strength.
1. The cyclical nature of trade expecially with regards to agricultural products.
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