Dry bulk entering fourth quarter with firm rate momentum
- Baltic C5TC capesize index at $30,076 per day; P5TC panamax index at $16,484 per day; S10TC supramax index at $16,664 per day
- US-listed dry bulk shares up around 30% year to date, roughly double pace of broader stock market
- US grain exports are up sharply in September, driven by corn, but volumes are expected to fall starting next month, with onset of soyabean export season
Spot rates for capesizes, panamaxes and supramaxes are all near one-year highs. Dry bulk equities continue to follow rates upward, hitting new 2025 highs earlier this week
