# Capesize Rates Collapse Following Early Week Rally (30 Nov 2018) - BMTI – Trend Experts for Shipping

> Capesize spot rates fell sharply at the end of the week of November 30, 2018, erasing an early-week rally. Pacific round voyages lost over $2,000 daily, while Panamax rates held firm near $14,000 daily for early December dates.

- Date: 2018-11-30 · published 2018-11-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62232-capesize-rates-collapse-following-early-week-rally-30-nov-2018-bmti-trend
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Capesize weakness lowers bulk shipping costs, while firmer Panamax rates support grain and meal freight. The net effect on feed ingredient prices is limited.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- bmti-report.com: https://www.bmti-report.com/capesize-rates-collapse-following-early-week-rally-30-nov-2018/

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