# Shipping Costs are Surging Globally, Squeezing Grain Traders - Bloomberg

> Dry-bulk freight rates have surged since July, lifting the Baltic Exchange's main freight gauge to its highest level in almost four years. Capesize rates have more than tripled, driven by strong Chinese demand for coal and iron ore. Grain traders are facing higher shipping costs.

- Date: 2017-12-11 · published 2017-12-11T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8428-shipping-costs-are-surging-globally-squeezing-grain-traders-bloomberg
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher ocean freight raises the landed cost of imported grains and oilseeds and widens origin-destination spreads, which can shift trade flows and support feed prices in importing regions.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-12-11/big-bulks-shipping-boom-spells-gloom-in-glutted-grain-markets

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