# Dry bulk market surges off stronger iron ore, grain and coal volumes

> Dry bulk spot rates rose in the week to March 3 as demand for iron ore, coal and grain increased. Futures markets pointed to higher spot rates in the coming weeks.

- Date: 2023-03-03 · published 2023-03-03T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37071-dry-bulk-market-surges-off-stronger-iron-ore-grain-and-coal-volumes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger grain volumes support ocean freight rates, which raise the landed cost of imported feed grains. The effect is limited because iron ore and coal drove most of the gain.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/dry-bulk-market-surges-off-stronger-iron-ore-grain-and-coal-volumes/2-1-1413849

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