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Breakwave Advisors' bi-weekly dry bulk report says October has historically been weak for dry bulk spot rates, with the Baltic Dry Index falling in 9 of the last 10 Octobers. Futures already price softer Panamax and Supramax rates, while Capesize futures track spot.
Chinese iron ore imports have recovered, led by Brazilian material.
Softer Panamax and Supramax freight could lower ocean grain freight costs for feed importers, though the report's outlook remains constructive overall.
breakwaveadvisors.comBreakwaveSep 30, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
