# Baltic Dry Index advances further on higher cape, panamax, supramax indices - Shanghai Metals Market (SMM)

> The Baltic Dry Index rose 14 points to 884 on June 26, 2017, its highest level since late May, driven by higher cape, panamax and supramax rates. The index had been under pressure as the seasonal northern hemisphere summer slowdown approached.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/70683-baltic-dry-index-advances-further-on-higher-cape-panamax-supramax-indices
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A firmer dry bulk index raises the cost of moving grains and oilseeds by sea, which can widen basis and support export-linked feed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- news.metal.com: https://news.metal.com/newscontent/100743279-baltic-dry-index-advances-further-on-higher-cape-panamax-supramax-indices

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