# Capesize Strength Propels Baltic Index To 9-Year High

> The Baltic Exchange's main dry bulk index rose 4.4% to 2,378 on August 30, its highest since November 2010, led by capesize demand. The panamax index reached 2,260, its highest in over 8.5 years, with panamax daily earnings near $18,098.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57777-capesize-strength-propels-baltic-index-to-9-year-high
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong panamax earnings signal tight dry bulk capacity for grain and oilseed cargoes, lifting ocean freight costs that feed into landed prices for imported feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/capesize-strength-propels-baltic-index-470143

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