# Baltic Dry Index Jumps to Over 10-Year Peak on Capesize Surge

> The Baltic Dry Index rose 9.6% to 2,710 on April 21, its highest since October 2010. The Capesize index jumped 16.2%, driven by iron ore shipments from Brazil. The Panamax index rose 5.2% to a three-week high.

- Date: 2021-04-21 · published 2021-04-21T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47488-baltic-dry-index-jumps-to-over-10-year-peak-on-capesize-surge
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sharply higher dry-bulk freight rates raise the cost of moving grain and oilseeds by sea, which can widen export spreads and support freight-linked prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-jumps-to-over-10-year-peak-on-capesize-surge/

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