# Dry Market Round Up – Marex Bulletin

> The Baltic Dry Index closed at 1,890 points on September 23, 2024, trading sideways after a brief move above 2,000 earlier in the month. Panamax values, which carry grain cargoes, fell nearly 20% since late July. China's August soybean imports were tracked at 11.08 million tonnes by LSEG and 12.14 million by customs, mostly from Brazil.

- Date: 2024-09-23 · published 2024-09-23T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/14718-dry-market-round-up-marex-bulletin
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker Panamax rates lower the cost of moving grain and soybeans on key routes, but Brazil-to-China demand still supports Capesize and Panamax activity. Freight costs feed into landed grain prices for importers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- new.marexmedia.com: https://new.marexmedia.com/2024/09/23/dry-market-round-up-2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.