# Baltic Dry Index moves up again as capesizes and panamaxes strengthen

> The Baltic Dry Index rose again as capesize and panamax rates strengthened, with capesize spot market rallying though shipowners were cautious. Panamax bulkers were benefiting from improved Atlantic cargo supply over the summer.

- Date: 2020-08-04 · published 2020-08-04T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/51813-baltic-dry-index-moves-up-again-as-capesizes-and-panamaxes-strengthen
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger dry bulk freight raises the cost of moving grains and oilseeds by sea, which can pressure export margins and delivered feed ingredient prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/baltic-dry-index-moves-up-again-as-capesizes-and-panamaxes-strengthen/2-1-852444

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