# Market Perspectives – June 18, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council

> Baltic Dry Bulk indices surged in the week, led by the Capesize market, with physical Capesize daily hire rising from $13,000 to $25,250. Panamax rates moved from $8,400 to a high of $11,600 per day. Forward months traded at a slight discount to spot, and the report questioned whether the global recovery was truly underway.

- Date: 2020-06-18 · published 2020-06-18T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/52540-market-perspectives-june-18-2020-page-9-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sharp gains in Panamax and Capesize hire rates raise the cost of shipping US and South American grains, and the inverted forward curve signals that the rally may not hold.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-18-2020/9/

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