# Contraction in Global Grain Trade Remains Headwind for Non-Capesize Segments — Breakwave Advisors

> Commodore Research reports dry bulk rates mixed, with Capesize rising while Panamax and supramax rates fell on oversupply. It cites USDA forecasts that 2024/25 global coarse grain, wheat, soybean and soymeal exports will total 699.9 million tons, down 2% year on year.

- Date: 2024-11-15 · published 2024-11-15T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/27601-contraction-in-global-grain-trade-remains-headwind-for-non-capesize-segments
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A year-on-year contraction in global grain trade reduces shipping demand for non-Capesize vessels, keeping ocean freight costs pressured for feed grain cargoes.

## Read by commodity

- CORN: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-10 | [Global trade war to be a boon for Black Sea grain](https://feedsoft.ai/events/63884-global-trade-war-to-be-a-boon-for-black-sea-grain.md) | -1.8% | +7.9% |
| CORN | 2018-03-02 | [Exclusive: Sierentz Global Merchants to start grain trade in May with Black Sea focus \| Reuters](https://feedsoft.ai/events/65858-exclusive-sierentz-global-merchants-to-start-grain-trade-in-may-with-black-sea.md) | +1.2% | +3.0% |
| CORN | 2019-11-25 | [Grain trade: Competition EU and Black Sea countries](https://feedsoft.ai/events/55914-grain-trade-competition-eu-and-black-sea-countries.md) | +1.6% | +2.4% |
| CORN | 2020-05-28 | [Tracking Exports Of Grains In All Forms Captures Holistic Value Of Trade - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/53121-tracking-exports-of-grains-in-all-forms-captures-holistic-value-of-trade-u-s.md) | +1.0% | +1.7% |
| CORN | 2018-11-28 | [Ag trade remains key for US negotiators ahead of Trump-Xi meeting \| 2018-11-27 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61936-ag-trade-remains-key-for-us-negotiators-ahead-of-trump-xi-meeting-2018-11-27.md) | +8.7% | +9.1% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2024/11/15/tc94ple7lipyl3dyteui29tse111vr

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