# Whither the dry bulk shipping recovery? - FreightWaves

> FreightWaves reports that dry bulk rates rose to multi-year highs in August and September before easing, with Capesize rates at $24,900 per day in mid-October against a September 4 peak of $37,500. Analysts debate whether a sustained recovery is underway, with a seasonal slowdown expected ahead.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/56761-whither-the-dry-bulk-shipping-recovery-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer dry-bulk earnings after a strong late-summer run tend to lower ocean grain freight costs, affecting landed prices for grain and meal importers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/whither-the-dry-bulk-shipping-recovery

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