# Persistent, Positive Shift in Dry Bulk Market

> Maritime Strategies International forecast a positive short-term outlook for dry bulk freight rates, noting that most Baltic indices reached their highest levels of the year. Capesize spot rates hit almost $20,000/day in late March before easing to about $15,000/day, and Panamax rates rose above $11,000/day for the first time this year. MSI expects support to fade in the second half, citing large iron ore port stockpiles.

- Date: 2017-04-18 · published 2017-04-18T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/71696-persistent-positive-shift-in-dry-bulk-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher ocean freight rates raise the landed cost of imported feed ingredients and grains, which can widen basis and import margins. MSI's expectation of weaker second-half support suggests freight costs may ease later in the year.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- maritime-executive.com: https://maritime-executive.com/article/persistent-positive-shift-in-dry-bulk-market

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