# Dry Bulk Rates Continue To Slide

> The Baltic Exchange's main dry bulk index fell for an eleventh straight session on May 30, 2018, down 1.4% to 1,042 points amid falling demand across vessel segments. The capesize and panamax sub-indices also declined, with panamax earnings at about $9,262 per day.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/65200-dry-bulk-rates-continue-to-slide
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower dry bulk freight rates reduce the cost of shipping grain and oilseed cargoes from origin, which can narrow FOB-to-delivered spreads for buyers, though the effect on feed commodity prices themselves is modest.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/dry-bulk-rates-continue-slide-438022

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