# Baltic Dry Index shoots up nearly 50% over the last month - Shanghai Metals Market (SMM)

> The Baltic Dry Index rose slightly to 1,204 points on December 1, 2016, after gaining nearly 50 percent over the prior month. The index reflects panamax and supramax gains, and the rally was linked to optimism following Trump's election victory.

- Date: 2016-12-02 · published 2016-12-02T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/73668-baltic-dry-index-shoots-up-nearly-50-over-the-last-month-shanghai-metals-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A sharp rise in the Baltic Dry Index signals higher bulk shipping costs for grains and oilseeds, lifting import costs for feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- news.metal.com: https://news.metal.com/newscontent/100713135/baltic-dry-index-shoots-up-nearly-50-over-the-last-month

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