# Baltic Exchange weekly report

> The Baltic Dry Index closed the week ending June 14, 2024 at 1,948, up 81% year on year. Capesize rates ended the week lower at US$24,525 after a late-week rally faded on a gap between bids and offers in the Atlantic, while panamax rates rose strongly on Atlantic demand.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/29974-baltic-exchange-weekly-report
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Mixed capesize and firm panamax rates signal steady but volatile dry bulk freight costs, which feed into landed grain and meal prices for feed importers. Panamax strength, the class that carries grain, points to higher ocean freight for feed grain cargoes.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- thedcn.com.au: https://www.thedcn.com.au/news/baltic-exchange-weekly-report-52

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