# Baltic Dry Index Snaps 19-Day Winning Streak

> The Baltic Exchange's main sea freight index fell 43 points to 1,560 on March 16, snapping a 19-session winning streak. The Capesize and Panamax segments weakened, while Supramax edged up. Iron ore and Chinese steel futures also fell amid banking-crisis worries.

- Date: 2023-03-16 · published 2023-03-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37070-baltic-dry-index-snaps-19-day-winning-streak
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A sharp one-day drop in the freight index lowers near-term ocean shipping costs for grain and feed, though the broader trend remains firm. The move is a routine market wrap with no lasting supply change.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-snaps-19-day-winning-streak/

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