# Dry bulk FFA market: Ground Zero or a long and winding road?

> The Baltic Dry Index fell back to 934 points, below its January starting level of 953, after peaking above 1,300 in April. Capesize and panamax freight rates both declined through the week amid thin trading in the paper market.

- Date: 2017-05-26 · published 2017-05-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71197-dry-bulk-ffa-market-ground-zero-or-a-long-and-winding-road
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Dry bulk freight costs feed into landed costs for imported feed ingredients such as soybeans and corn shipped to Asia, so weaker ocean rates modestly ease import logistics costs for feed buyers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-ground-zero-or-a-long-and-winding-road-

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