# Baltic Dry Index hits three-year highs - Grainews

> The Baltic Dry Index settled at 1,355 points on September 11, its highest since November 2014, after gaining about 500 points over two months. Strength was led by capesize vessels on Chinese coal and iron ore demand, and Bimco expects dry bulk supply to grow 2.7% in 2017 against roughly 3.5% demand growth.

- Date: 2017-09-12 · published 2017-09-12T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/69166-baltic-dry-index-hits-three-year-highs-grainews
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sustained freight strength raises shipping costs for grain exports, particularly for Canada and other distant origins facing freight disadvantages, which supports delivered feed grain prices in Asia and Europe.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/baltic-dry-index-hits-three-year-highs/

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