# | SupplyChainBrain

> Dry bulk rates have improved from record lows, with the Panamax segment reaching an average spot rate of nearly $12,500 early in December. Improvement is attributed to recovering Chinese commodity demand, lower newbuilding activity and increased scrapping, and Drewry expects operating costs to rise in 2017.

- Date: 2016-12-22 · published 2016-12-22T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/73660-supplychainbrain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger dry bulk rates increase the cost of moving feed grains and oilseeds by sea, raising delivered prices for feed buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- supplychainbrain.com: https://www.supplychainbrain.com/articles/25137-dry-bulk-market-shows-improvement-after-record-lows

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