on BNN today, discussion about Baltic Dry Index.

[boarderbloke]

the Baltic Dry Index is currently down 90% from it's May highs. new ships built or being built are now priced lower than some ships in service because the builders want to move them similar to new houses being built. (so many ships now sitting idle, even with the slash in crude prices)
here is a link to a variety of charts involving the Baltic Dry Index,

http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm

exports are poised to increase whether it's grains or fertilizer!

[furrowtickler]

Anouther reason that fert prices are falling, just not here yet.