# Dry Bulk FFA market: Panamaxes hold the fort

> Panamax dry bulk freight rates rose strongly during the week of June 19-23, 2017, with the average Panamax rate climbing from $7,886 to $8,570 by Wednesday. Capesize rates weakened sharply after the spot average fell 12.7% to $7,685, and the Baltic Dry Index held near 850 points.

- Date: 2017-06-23 · published 2017-06-23T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/70682-dry-bulk-ffa-market-panamaxes-hold-the-fort
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Capesize weakness reflects falling iron ore prices, which made marginal long-haul ore cargoes uneconomical, so feed-ingredient freight costs were mixed. Panamax strength supports higher ocean freight for grain and meal shipments.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-panamaxes-hold-the-fort

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