# Dry Bulk Grain Flows - U.S. Vs Brazilian — Breakwave Advisors

> 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.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/28065-dry-bulk-grain-flows-u-s-vs-brazilian-breakwave-advisors
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SOY: neutral
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -1.4% | -2.0% |
| SOY | 2019-10-18 | [After trade talks in U.S., China ramps up Brazilian soy purchases](https://feedsoft.ai/events/56428-after-trade-talks-in-u-s-china-ramps-up-brazilian-soy-purchases.md) | +0.2% | -3.4% |
| SOY | 2026-07-31 | [Brazilian, US soybean prices remain high despite drops; Brazil still top origin \| S&P Global](https://feedsoft.ai/events/18359-brazilian-us-soybean-prices-remain-high-despite-drops-brazil-still-top-origin-s.md) | -1.7% | +6.7% |
| SOY | 2026-06-23 | [U.S. fights with Brazil for China's giant soybean market](https://feedsoft.ai/events/14570-u-s-fights-with-brazil-for-china-s-giant-soybean-market.md) | -0.6% | +9.3% |
| SOY | 2017-12-20 | [Ohio grain farmers talk trade and farm bill - Farm and Dairy](https://feedsoft.ai/events/67464-ohio-grain-farmers-talk-trade-and-farm-bill-farm-and-dairy.md) | -0.1% | +2.2% |
| SBM | 2026-01-26 | [China to favour Brazilian soybean imports in H1 despite renewed US inflows \| Reuters](https://feedsoft.ai/events/14606-china-to-favour-brazilian-soybean-imports-in-h1-despite-renewed-us-inflows.md) | -0.9% | +4.4% |
| SBM | 2025-03-28 | [China absorbs massive Brazilian soy shipments in first quarter \| Reuters](https://feedsoft.ai/events/25611-china-absorbs-massive-brazilian-soy-shipments-in-first-quarter-reuters.md) | -1.9% | -0.4% |
| SBM | 2026-07-31 | [Brazilian, US soybean prices remain high despite drops; Brazil still top origin \| S&P Global](https://feedsoft.ai/events/18359-brazilian-us-soybean-prices-remain-high-despite-drops-brazil-still-top-origin-s.md) | -0.6% | +5.6% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2024/10/31/vijsx2jd20a4mfbmgflsu7y0mlox6f

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