# Dry Bulk Report

> Capesize rates were volatile during the week of April 29 to May 3, falling back to the mid-$6 range on the West Australia to China route after a brief spike. Panamax rates held up despite holidays, with South American ballasters and longer grain voyages supporting the market. Cyclone Fani disrupted operations on India's east coast.

- Date: 2019-05-06 · published 2019-05-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59284-dry-bulk-report
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Volatile freight rates raise shipping cost uncertainty for feed grain and ingredient importers. The Panamax support from South America and grain voyages keeps the broader freight level firm.

## Read by commodity

- OCEANFRT: neutral

## Sources

- services.naftemporiki.gr: https://services.naftemporiki.gr/finance/story/1472229/dry-bulk-report

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