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The Baltic Dry Index rose 5.5% to 3,331 on September 2, its highest level since December 2023, driven by an 8% jump in Capesize rates. Bad weather in the Pacific tightened Capesize availability as exporters ramped up deliveries.
The index has risen 77% so far this year.
Tight tonnage and rising freight rates raise the cost of moving bulk grains and oilseeds, which feeds into landed feed-ingredient prices. Analysts expect the firm market to persist while Pacific weather and longer-haul demand continue.
ttnews.comKatharine Gemmell, Weilun SoonSep 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
