# Ode to Joy for freight market

> The dry bulk freight market closed 2016 with a recovery from a record low of 290 points in February to around 1,000 points by November, now near 960. Analysts expect continued strength in 2017 supported by higher commodity prices, though China's demand and infrastructure stimulus remain risks.

- Date: 2016-12-30 · published 2016-12-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/73652-ode-to-joy-for-freight-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight rates raise the landed cost of imported feed ingredients such as soybeans, corn and grains shipped by sea, which feeds into buyers' input costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/cargo/ode-to-joy-for-freight-market

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