# Capesize Rates Reach mid-20,000s as Panamax market Hit 8-Year Lows — Breakwave Advisors

> Capesize spot rates in the mid-$20,000s-per-day range have stalled after a sharp rally, with the Atlantic market weakening. Panamax spot rates have hit eight-year lows for the season as slow US Gulf grain exports dampen mid-size dry bulk demand.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/27596-capesize-rates-reach-mid-20-000s-as-panamax-market-hit-8-year-lows-breakwave
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak Panamax and grain-linked demand lowers freight costs for grain and feed shipments in the near term, while the Capesize rally fading signals limited upside for ocean freight into year-end.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/20241126dry-87w854

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