# Dry Bulk FFA Market: Baltic Dry Index at highest levels in three years

> The Baltic Dry Index hit a three-year high of 1,588 on the prior Tuesday, driven by a rally in industrial commodities and base metals. Iron ore stayed above $60 per mt, though its outlook was mixed. Capesize rates then faltered later in the week as the index retraced.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/68653-dry-bulk-ffa-market-baltic-dry-index-at-highest-levels-in-three-years
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher dry bulk freight rates raise the cost of moving grain and feed ingredients by sea, which can narrow import margins for feed buyers. The rally is tied to China's growth targets and the seasonal year-end shipping rush.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-baltic-dry-index-at-highest-levels-in-three-years

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