# Baltic Dry Index Rises to Highest Level Since June 2010

> The Baltic Dry Index rose 3.5% to 3,266 on May 5, its highest since June 2010. The Capesize index reached an 11-year high, with grain trade cited as a source of demand.

- Date: 2021-05-05 · published 2021-05-05T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46993-baltic-dry-index-rises-to-highest-level-since-june-2010
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong dry bulk rates, supported partly by US grain shipments, raise the cost of moving grain and feed ingredients by sea. Higher freight also feeds into delivered prices for imported feed.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-rises-to-highest-level-since-june-2010/

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