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Breakwave Advisors notes that Brazil now dominates Panamax grain shipping, with about 90% of Panamax activity tied to the Brazil-China route. US grain accounts for 24% of Supramax trade volume, versus 10% for Brazil-China, as tariffs have pushed Chinese buyers toward Brazilian soybeans.
Brazil's growing share of China soybean flows reinforces Brazilian export pricing and freight patterns, which shape soybean meal and corn competitiveness for feed buyers.
breakwaveadvisors.comSignal OceanOct 31, 2024After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
Not 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.
