# Capesize earnings in record increase for second day as dry bulk rates spike

> Capesize dry-bulk earnings recorded a second consecutive daily record increase as the Baltic Dry Index jumped 23% in one day. Brokers said the physical market remains strong while the futures market appears to have already peaked.

- Date: 2020-06-18 · published 2020-06-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52816-capesize-earnings-in-record-increase-for-second-day-as-dry-bulk-rates-spike
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sharp spikes in capesize rates push up ocean freight costs for bulk grains and oilseeds, raising delivered feed costs. Brokers' view that futures have peaked suggests the premium may fade.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/capesize-earnings-in-record-increase-for-second-day-as-dry-bulk-rates-spike/2-1-828578?zephr_sso_ott=4ua03O

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