# Dry bulk FFA market: Capesizes unaffected by typhoon but weighed down

> Capesize freight rates were largely flat to lower in the week to September 21, with the Capesize 5 time charter average at $15,492 on Wednesday. Typhoon Mangkhut hitting Hong Kong and South China caused only minor vessel delays and did not tighten supply.

- Date: 2018-09-21 · published 2018-09-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63211-dry-bulk-ffa-market-capesizes-unaffected-by-typhoon-but-weighed-down
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Persistent vessel oversupply keeps dry bulk freight rates subdued, which limits upward pressure on delivered feed grain and meal costs into Asia.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-capesizes-unaffected-by-typhoon-but-weighed-down-by-supply-glut

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