# Key Dry Bulk Data Trends: November 2025

> AXSMarine's November 2025 dry bulk review finds Panamax vessels carried over 960 million tonnes in 2025 so far, up 4.6% year over year. Steam coal leads cargoes, with soybeans second at over 103 million tonnes, up 4.3%. Fertilizer volumes rose 39.5%, and the review notes residual effects of the Panama Canal drought.

- Date: 2025-12-02 · published 2025-12-02T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/16897-key-dry-bulk-data-trends-november-2025
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong soybean and fertilizer Panamax volumes indicate steady ocean demand for grain and inputs, but the data reports volumes rather than a price shock. Freight impact is modest.

## Read by commodity

- SOY: neutral
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-21 | [TELF AG Insight on Dry Bulk Market Across All Sectors - September 21 2023](https://feedsoft.ai/events/34304-telf-ag-insight-on-dry-bulk-market-across-all-sectors-september-21-2023.md) | -1.3% | -0.7% |
| SOY | 2023-08-15 | [Breakwave Bi-Weekly Dry Bulk Report - August 15, 2023 — Breakwave Advisors](https://feedsoft.ai/events/34762-breakwave-bi-weekly-dry-bulk-report-august-15-2023-breakwave-advisors.md) | -1.5% | -4.3% |
| SOY | 2020-08-31 | [Dry Bulk Market: Capesize Segment Ends Week in a Bang - Maritimes](https://feedsoft.ai/events/51811-dry-bulk-market-capesize-segment-ends-week-in-a-bang-maritimes.md) | +2.0% | +4.8% |
| SOY | 2024-12-19 | [Grain Transportation Report, December 19, 2024](https://feedsoft.ai/events/16488-grain-transportation-report-december-19-2024.md) | +3.8% | +8.6% |
| SOY | 2024-11-21 | [Market Perspectives - November 21, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16984-market-perspectives-november-21-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.2% | -2.8% |

## Sources

- public.axsmarine.com: https://public.axsmarine.com/blog/key-dry-bulk-data-trends-november-2025

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