# Baltic Exchange: Dry Bulk Report - 39 | Dry Bulk

> The Baltic Exchange weekly dry bulk report for Week 39 says the Capesize index rose sharply, closing at US$30,598 on strong North Atlantic activity. The Panamax market was lethargic, with rates drifting lower as Asian activity eased ahead of Golden Week holidays.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28512-baltic-exchange-dry-bulk-report-39-dry-bulk
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Dry bulk freight rates affect the landed cost of imported feed grains and oilseeds, so firmer Capesize rates raise costs for buyers importing from South America while softer Panamax rates offer some relief for Asia-bound grain cargoes.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- drybulkmagazine.com: https://www.drybulkmagazine.com/dry-bulk/30092024/baltic-exchange-dry-bulk-report--39/

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