# Volatility, uncertainty impacting shipping | World Grain

> World Grain reports that dry bulk shipping remains volatile, with the IGC Grains and Oilseeds Freight Index at 128 on May 30, down 44% year on year. The Baltic Dry Index stood at 1,295 in late May after recovering from February lows.

- Date: 2023-07-12 · published 2023-07-12T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/35237-volatility-uncertainty-impacting-shipping-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Low freight costs continue to lower the landed cost of imported feed grains and oilseeds for buyers. Geopolitical and China demand risks leave freight upside limited but volatile.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- world-grain.com: https://www.world-grain.com/articles/18753-volatility-uncertainty-impacting-shipping

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