# Baltic Dry Index Snaps Winning Streak as larger Vessel Rates Retreat

> The Baltic Dry Index fell 6.1% to 3,143 on Tuesday, snapping an eight-session winning streak, as capesize rates dropped 9.7% to 5,946. Panamax rates eased 0.7% and supramax hit a one-year high.

- Date: 2023-12-05 · published 2023-12-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32920-baltic-dry-index-snaps-winning-streak-as-larger-vessel-rates-retreat
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A pullback in capesize and panamax rates lowers near-term ocean freight costs for bulk feed ingredients, though rates remain elevated relative to last year. The move is a routine day-to-day shift rather than a new supply or demand shock.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-snaps-winning-streak-as-larger-vessel-rates-retreat/

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