# Breakwave Bi-Weekly Dry Bulk Report - September 30, 2025    — Breakwave Advisors

> 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.

- Date: 2025-09-30 · published 2025-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/23076-breakwave-bi-weekly-dry-bulk-report-september-30-2025-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer Panamax and Supramax freight could lower ocean grain freight costs for feed importers, though the report's outlook remains constructive overall.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2025930db-jhy4458

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