# Dry Cargo Broker Viewpoint (16 Mar 2018) - BMTI – Trend Experts for Shipping

> Capesize spot rates fell by more than US$1,500 in the week to the low US$6,000s daily as cargo volumes stayed limited. Panamax observers expected a firmer 6-8 weeks ahead on South American grain cargoes, and handysize rates rose on US Gulf demand.

- Date: 2018-03-16 · published 2018-03-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66195-dry-cargo-broker-viewpoint-16-mar-2018-bmti-trend-experts-for-shipping
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Freight rates set the cost of moving feed grains and meal, and mixed moves across bulker classes leave the ocean freight outlook for feed importers unclear.

## Read by commodity

- OCEANFRT: neutral

## Sources

- bmti-report.com: https://www.bmti-report.com/2116-2/

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