# Baltic Exchange weekly report

> The Baltic Exchange weekly report says the Baltic Dry Index fell to 1721 on April 26 after a steady weekly decline. Capesize rates dropped, with the BCI 5TC losing $4,398 over the week to $18,012, while the Panamax market was mixed and firmer early in the week.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30629-baltic-exchange-weekly-report
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer dry bulk rates reduce ocean freight costs for grain and oilseed cargoes, modestly easing landed costs for feed importers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- thedcn.com.au: https://www.thedcn.com.au/news/baltic-exchange-weekly-report-45

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