# SHIPPING: Robust commodity demand to spur dry bulk rally into Q3

> Analysts expect dry bulk freight rates to rally into the third quarter of 2021, driven by infrastructure-related demand for iron ore and coal. Strong grain trade is supporting the sub-Capesize segment. Platts Cape T4 averaged $30,387/day in Q2 and hit a record of $44,233/day on May 5.

- Date: 2021-07-08 · published 2021-07-08T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46269-shipping-robust-commodity-demand-to-spur-dry-bulk-rally-into-q3
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A forecast freight rally raises expected shipping costs for grain and oilseed exports, which can widen export basis and lift delivered feed costs. Importers should budget for higher freight into Q3.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/shipping/070821-shipping-robust-commodity-demand-to-spur-dry-bulk-rally-into-q3

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