# TELF AG Insight on Dry Bulk Market Across All Sectors - September 21 2023

> The Capesize average 5TC rose 46% week on week to USD 17,145, and Panamax rose to USD 15,361. Grain cargoes from East Coast South America and US Gulf were the main drivers, while Baltic/North China was valued at USD 48.00 per tonne. Analysts expect strength through October, with weaker conditions likely in early 2024 without more coal demand.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34304-telf-ag-insight-on-dry-bulk-market-across-all-sectors-september-21-2023
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharp rally in grain-driven Panamax rates raises the cost of shipping South American and US grain to Asia, supporting ocean freight and reinforcing export costs for feed grain buyers.

## Read by commodity

- SOY: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-31 | [Dry Bulk Market: Capesize Segment Ends Week in a Bang - Maritimes](https://feedsoft.ai/events/51811-dry-bulk-market-capesize-segment-ends-week-in-a-bang-maritimes.md) | +2.0% | +4.8% |
| SOY | 2025-12-02 | [Key Dry Bulk Data Trends: November 2025](https://feedsoft.ai/events/16897-key-dry-bulk-data-trends-november-2025.md) | -3.0% | -7.2% |
| SOY | 2024-11-21 | [Market Perspectives - November 21, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16984-market-perspectives-november-21-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.2% | -2.8% |
| SOY | 2024-02-28 | [Dry Weekly Market Monitor — Breakwave Advisors](https://feedsoft.ai/events/31873-dry-weekly-market-monitor-breakwave-advisors.md) | +0.8% | +6.0% |
| SOY | 2024-02-21 | [Dry Weekly Market Monitor — Breakwave Advisors](https://feedsoft.ai/events/31875-dry-weekly-market-monitor-breakwave-advisors.md) | -4.1% | +0.6% |

## Sources

- telf.ch: https://telf.ch/telf-ag-insight-on-dry-bulk-market-across-all-sectors-september-21-2023/

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