# Key Drivers of Dry Bulk Shipping as Year-End Approaches - Supply Chain Council of European Union | Scceu.org

> Capesize spot rates are averaging about $12,712 per day as of November 27, well below the near $35,000 levels seen earlier. Panamaxes continue to benefit from strong grain demand, and the article cites China's economic recovery and Brazilian rain affecting loadings.

- Date: 2020-11-27 · published 2020-11-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50356-key-drivers-of-dry-bulk-shipping-as-year-end-approaches-supply-chain-council-of
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sustained grain demand supporting panamax rates keeps ocean freight elevated for grain exporters, which can widen US Gulf and South American export costs for feed ingredients.

## Read by commodity

- OCEANFRT: neutral

## Sources

- scceu.org: https://scceu.org/key-drivers-of-dry-bulk-shipping-as-year-end-approaches/

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