# Bulk report – Week 38

> The Capesize market rallied sharply in the week to 24 September, with the 5TC index closing at $61,309 after opening near $53,240. Gains were driven by Pacific fixtures, where West Australian charterers faced limited tonnage after weather disruption in eastern China, and by Transpacific and Atlantic fronthaul demand.

- Date: 2021-09-24 · published 2021-09-24T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45260-bulk-report-week-38
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher dry bulk freight rates raise the landed cost of imported feed ingredients such as soybeans and corn shipped by sea, and tighter tonnage supports ocean freight costs for grain exporters.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- balticexchange.com: https://www.balticexchange.com/en/data-services/WeeklyRoundup/dry/news/2021/bulk-report-week-38.html

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