# Brokers see dry-bulk froth as rates hit highs

> Capesize rates pushed higher on Atlantic Basin tightness and rumours involving Vale, with brokers describing the market as frothy. The article reports the rate rise and its drivers in general terms.

- Date: 2016-11-17 · published 2016-11-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/74044-brokers-see-dry-bulk-froth-as-rates-hit-highs
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Capesize strength raises bulk freight costs for iron ore and grain shipments, but brokers call it speculative, so it may not persist.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/dry-cargo/brokers-see-dry-bulk-froth-as-rates-hit-highs/1-1-1192487

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