# Modulation returns as freights level out (27 Sep 2017) - BMTI – Trend Experts for Shipping

> Dry bulk freight rates have stabilized after a sharp rise, with the Baltic Dry Index declining for the first time in nearly two weeks after reaching a 3.5-year high the prior week. Average Panamax earnings held near US$11,750 daily, and Handysize rates on a Brazil-Morocco fixture eased.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/69162-modulation-returns-as-freights-level-out-27-sep-2017-bmti-trend-experts-for
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher ocean freight raises the landed cost of US and South American feed grains and meal into importing markets, narrowing export competitiveness; the pullback slightly eases that pressure.

## Read by commodity

- OCEANFRT: neutral

## Sources

- bmti-report.com: https://www.bmti-report.com/modulation-returns-freights-level-27-sep-2017/

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