# Baltic Exchange weekly report

> The Baltic Dry Index rose to 1815 on 31 May 2024, with the Capesize C5 index up US$1.15 to US$11.135 on Pacific coal cargoes and the C9 index gaining US$3,129 on East Canada to China fronthaul. The Panamax market eased across the board for the week, with steady grain flows from North and South America.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/30454-baltic-exchange-weekly-report
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher Capesize and Panamax rates raise the delivered cost of bulk feed ingredients such as soybeans, corn and meal on long-haul routes, modestly supporting landed prices for feed buyers. The Panamax softening limits that pressure for grain shipped on this size of vessel.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- thedcn.com.au: https://www.thedcn.com.au/news/baltic-exchange-weekly-report-50

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