# Baltic dry bulk Freight Index rose, close to a new high in 2009 11/02 Update MySheen

> The Baltic dry bulk index rose 157 points to 4,111 on Friday, its 12th straight daily gain and its highest since June 2009 peak levels. Analysts attributed the rally to strong Chinese iron ore and coal demand, port congestion, and tight ship supply.

- Date: 2026-11-02 · published 2026-11-02T03:08:49.487Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/74667-baltic-dry-bulk-freight-index-rose-close-to-a-new-high-in-2009-11-02-update
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher panamax and capesize rates raise the cost of shipping US and Brazilian grain and feed ingredients to Asia. This pushes up landed feed costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- mysheen.com: https://www.mysheen.com/a876222

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