# Is history going to repeat itself as dry freight market plunges to a

> The Baltic Dry Index fell to 1,114 on 1 February 2018, down 38 points and near a five-month low, as cargo availability was thin before Lunar New Year. Traders expected little movement until after the Spring Festival, with a modest mini-rally in capesize paper later in the week.

- Date: 2018-02-02 · published 2018-02-02T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/66678-is-history-going-to-repeat-itself-as-dry-freight-market-plunges-to-a
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak dry bulk rates lower ocean freight costs for grain and oilseed imports, slightly supporting landed feed ingredient prices for importers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/ship-operations/is-history-going-to-repeat-itself-as-dry-freight-market-plunges-to-a-4-month-low-

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