# DRY BULK QUARTERLY: Freight rally could last till Q4 amid COVID-19 protocols | S&P Global

> S&P Global said dry bulk freight rates in Q3 reached decade highs due to port congestion and COVID-19 quarantine protocols at Chinese ports. The Platts Cape T4 averaged $50,057 a day in September, the highest since its launch in November 2019. Analysts expect elevated and volatile rates into Q4, the typically strongest season.

- Date: 2021-10-05 · published 2021-10-05T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/44772-dry-bulk-quarterly-freight-rally-could-last-till-q4-amid-covid-19-protocols-s
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Expected strength in Q4 freight rates would raise the cost of moving grains and oilseeds from origin to destination. Ongoing COVID-19 port protocols add uncertainty to delivery schedules for feed importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/shipping/100521-dry-bulk-quarterly-freight-rally-could-last-till-q4-amid-covid-19-protocols

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