# Baltic Dry Index Snaps 11-Session Rally

> The Baltic Dry Index fell on August 25, ending an 11-session rally that had lifted it to its highest level since 2010. The capesize index dropped 1.6% while the panamax index rose to a six-week high. China's Meishan terminal at Ningbo reopened after a two-week shutdown tied to a COVID-19 case.

- Date: 2021-08-25 · published 2021-08-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45460-baltic-dry-index-snaps-11-session-rally
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The partial pullback in freight rates eases some cost pressure on grain shipments, though rates remain near multi-year highs.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-snaps-11-session-rally/

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