# A typical January for dry bulk - Splash247

> Brazil-to-China capesize iron ore and grain-route freight was volatile in January, peaking January 4 and falling to a low on January 17 before trading between $20 and $24 per tonne. Panamax day rates in the Atlantic fell about 21% between January 1 and 25, and the Chinese New Year holiday is expected to pause activity.

- Date: 2024-01-30 · published 2024-01-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32321-a-typical-january-for-dry-bulk-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer Panamax day rates lower the cost of moving grain and meal in the Atlantic, a mildly bearish signal for delivered feed costs, though much of the move is seasonal.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- splash247.com: https://splash247.com/a-typical-january-for-dry-bulk/

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