# Firmer Capesize and Panamax rates push Baltic dry bulk index higher

> The Baltic Exchange main sea freight index rose 1.7% to 2,740 points on Thursday, its highest level since October 13. Capesize rates gained 2.3% to 4,191 points and Panamax rates rose 3.3% to 1,956 points, while the Supramax index fell 0.6%. Iron ore prices also reached a one-month high.

- Date: 2026-11-05 · published 2026-11-05T18:08:11.969Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/82092-firmer-capesize-and-panamax-rates-push-baltic-dry-bulk-index-higher
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher Capesize and Panamax rates raise the cost of moving bulk cargoes such as grains and soybeans, which can narrow origin-destination price spreads. The move is modest and driven by larger vessel segments, so the effect on feed ingredient prices is limited.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- bairdmaritime.com: https://www.bairdmaritime.com/shipping/dry-cargo/bulkers/firmer-capesize-and-panamax-rates-push-baltic-dry-bulk-index-higher

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