# ‘Sizzling’ bulkers hit near nine-year high - FreightWaves

> The Baltic Dry Index reached 2,518 points on September 4, its highest since November 2010, driven by Capesize and Panamax demand. Analysts cited strong Brazilian iron ore shipments to China and grain exports.

- Date: 2019-09-05 · published 2019-09-05T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57263-sizzling-bulkers-hit-near-nine-year-high-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sustained freight strength raises the cost of moving grains and feed ingredients by sea, tightening the spread between origin and destination prices for feed buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/ocean-rate-report-sizzling-bulkers-hit-near-nine-year-high

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