# Weaker Capesize Demand Weighs On Baltic Index

> The Baltic Exchange's main sea freight index dipped 1.3% to 1,470 points on November 1, 2018, its lowest since September 25. Capesize rates fell 2.5% to 2,530 points on weaker demand, while panamax ended a 10-day losing streak.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62231-weaker-capesize-demand-weighs-on-baltic-index
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer capesize demand lowers dry-bulk freight costs, a minor input to landed grain and feed ingredient prices. The move is routine and reflects no major new supply-demand shift.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/weaker-capesize-demand-weighs-baltic-443366

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