# Dry bulk FFA market: BDI rules the waves

> The Baltic Dry Index climbed to 1,449 points on September 20, its highest level of the year, with capesize 5 time charter average rising to $20,694. Brokers expected further gains, citing strong Brazilian fixtures and robust Chinese commodity demand, though Chinese mill output cuts pose a risk.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/69164-dry-bulk-ffa-market-bdi-rules-the-waves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising capesize rates driven by Brazilian grain and iron ore demand increase freight costs for bulk grain shipments, supporting higher ocean freight and making origin grain less competitive in distant markets.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-bdi-rules-the-waves

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