# Freight Markets Rides the Waves of Uncertainty

> The Baltic Dry Index hit a 13-year high of 5,650 on Oct 7 and then fell 28% to 4,056 by Oct 27. Port congestion, supply chain disruptions and the use of bulk ships for containerized cargo were cited as drivers. About 16% of the world's dry bulk fleet was reported waiting to unload, with 6% of that at Chinese ports.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/44771-freight-markets-rides-the-waves-of-uncertainty
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Freight costs for grain shipments remain highly volatile because of port delays and idle tonnage. Traders should expect continued swings in ocean freight that feed through to landed feed ingredient prices.

## Read by commodity

- OCEANFRT: neutral

## Sources

- uswheat.org: https://uswheat.org/wheatletter/freight-markets-rides-the-waves-of-uncertainty/

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