# Dry Bulk Market: Capesizes Stall, as Sentiment Softens Across the Board | World Ports Organization

> Capesize rates stalled and fell sharply in the week, with the 5TC down $4,901 to $19,875. Panamax rates weakened after a steady start, despite firm grain demand from South America.

- Date: 2022-06-26 · published 2022-06-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41155-dry-bulk-market-capesizes-stall-as-sentiment-softens-across-the-board-world
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker capesize and panamax earnings lower ocean freight costs for grain and oilseed exporters. Continued softness in freight would reduce the landed cost of imported feed ingredients.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- worldports.org: https://www.worldports.org/dry-bulk-market-capesizes-stall-as-sentiment-softens-across-the-board/

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