# Dry bulk FFA market: Baltic tests 1,100 level on increased cargoes

> The Baltic Dry Index rose to 1,107 on May 29, 2019, breaking above 1,100 before easing back below that level later in the week. Capesize rates firmed on new fixtures for mining majors loading Western Australia iron ore for China from mid-June. A South African port strike had little immediate effect on shipping.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59278-dry-bulk-ffa-market-baltic-tests-1-100-level-on-increased-cargoes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger Capesize demand lifts dry bulk freight costs, which feed into the landed cost of imported feed ingredients. The rate firmness is modest and could fade if fixtures slow.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/cargo/dry-bulk-ffa-market-baltic-tests-1-100-level-on-increased-cargoes

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