# Dry bulk FFA market: Oversupply weighs down freight rates

> Dry bulk freight rates weakened during the week of March 17, 2018, with Capesize contracts all lower and the 5 Time Charter Average falling to $9,869 on Thursday. Thin Atlantic activity and tonnage oversupply were the main pressures.

- Date: 2018-03-17 · published 2018-03-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66196-dry-bulk-ffa-market-oversupply-weighs-down-freight-rates
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower bulk freight rates reduce the ocean transport cost of grain and oilseed cargoes, which can ease landed feed costs for importers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-oversupply-weighs-down-freight-rates

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