# Dry bulk shipping rates hit 2-year high - TT

> 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.

- Date: 2026-09-03 · published 2026-09-03T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/17674-dry-bulk-shipping-rates-hit-2-year-high-tt
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- ttnews.com: https://www.ttnews.com/articles/dry-bulk-shipping-rates

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