# Grain Seaborne Trade Impact on the Dry Bulk Freight Market — Breakwave Advisors

> Signal Ocean's August review examines seaborne grain trade shifts since 2023, focusing on Supramax and Panamax segments. It cites the end of the Black Sea Grain Initiative, which raised concerns about Black Sea export volumes. It also highlights growing Brazilian competition with US grain exports.

- Date: 2024-08-07 · published 2024-08-07T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/17013-grain-seaborne-trade-impact-on-the-dry-bulk-freight-market-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Reduced Black Sea export certainty and Brazil's rising share can reshape grain trade routes and freight demand, supporting Atlantic-basin dry bulk rates.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-15 | [Bulk grain import permit granted for the first time in over a decade](https://feedsoft.ai/events/59059-bulk-grain-import-permit-granted-for-the-first-time-in-over-a-decade.md) | +11.2% | +10.0% |
| WHEAT | 2023-12-08 | [Dip in dry bulk grain prices attracts buyers \| Dry Bulk](https://feedsoft.ai/events/32753-dip-in-dry-bulk-grain-prices-attracts-buyers-dry-bulk.md) | -4.0% | +1.2% |
| WHEAT | 2019-12-14 | [Grains go green for Phase 1 trade deal — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12111-grains-go-green-for-phase-1-trade-deal-this-week-in-the-grain-markets.md) | +2.0% | +4.8% |
| WHEAT | 2025-02-13 | [Further decline in Black Sea wheat exports: Grain market daily \| AHDB](https://feedsoft.ai/events/14227-further-decline-in-black-sea-wheat-exports-grain-market-daily-ahdb.md) | +1.9% | -3.0% |
| WHEAT | 2017-02-23 | [Smaller bulkers ‘big winners’ from rise in Asia grain demand \| TradeWinds](https://feedsoft.ai/events/72700-smaller-bulkers-big-winners-from-rise-in-asia-grain-demand-tradewinds.md) | -0.2% | -2.4% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2024/8/8/grain-seaborne-trade-impact-on-the-dry-bulk-freight-market
- thesignalgroup.com: https://www.thesignalgroup.com/newsroom/grain-seaborne-trade-impact-on-the-dry-bulk-freight-market

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