# Baltic Dry Index Slides To Three-Month Low

> The Baltic Dry Index fell 2% to 1,762 on July 30, its lowest level since May 1, after declines across capesize, panamax and supramax vessels. Capesize rates fell for an eighth straight session.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/29491-baltic-dry-index-slides-to-three-month-low
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower dry bulk rates signal weaker freight demand and reduce the cost of moving grain and oilseeds by sea, though the move is a routine index decline.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/baltic-dry-index-slides-threemonth-low-515584

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