# BDI at 2,590 points, flat as cargo volumes fall across all vessel sizes

> The Baltic Dry Index closed at 2,590 points on November 3 after the bulk market weakened in the first week of November. Capesize rates fell as iron ore exports from Western Australia dropped 10% week on week and Brazilian loadings slipped 1%. Panamax and Supramax markets also softened on lower Brazilian and US grain export volumes.

- Date: 2026-11-04 · published 2026-11-04T15:08:26.820Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/79902-bdi-at-2-590-points-flat-as-cargo-volumes-fall-across-all-vessel-sizes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker dry bulk demand for grain and iron ore pushes freight costs lower, easing landed costs for imported feed grains. Brazilian and US grain export declines reduce cargo flows that support Panamax and Supramax rates.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- ksg.co.kr: https://ksg.co.kr/news/main_newsView.jsp?pNum=148429
- ksg.co.kr: https://www.ksg.co.kr/news/main_newsView.jsp?pNum=148429

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