# Main sea freight index at Baltic Exchange hits best since 2015 - Shanghai Metals Market (SMM)

> The Baltic Exchange's main sea freight index passed 950 points, its highest since 2015, led by Capesize and Panamax indices. The Baltic Dry Index rose 43 points to 954 on the day.

- Date: 2016-11-11 · published 2016-11-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/74043-main-sea-freight-index-at-baltic-exchange-hits-best-since-2015-shanghai-metals
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher dry bulk freight rates increase the cost of shipping grains and oilseeds, which can widen delivered price differences for feed buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- news.metal.com: https://news.metal.com/newscontent/100709569-main-sea-freight-index-at-baltic-exchange-hits-best-since-2015

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