# Signal Dry Weekly Market Monitor - Week 30.2024 | Air Freight News

> Signal Dry's weekly monitor reports that Russian grain shipments rose about 15% over the first half of 2024, with Egypt becoming the top destination at roughly 20% of volume, ahead of Turkey. It also notes that Capesize rates from Brazil to North China were weakening, with more ballast vessels than the annual average.

- Date: 2024-07-25 · published 2024-07-25T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/29490-signal-dry-weekly-market-monitor-week-30-2024-air-freight-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A shift in Russian export destinations and softer Capesize rates point to changing trade flows and possible shipping oversupply, which can weigh on freight costs for grain cargoes.

## Read by commodity

- WHEAT: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-18 | [TSG - Weekly Dry Market Monitor-Week 29, 2024](https://feedsoft.ai/events/29493-tsg-weekly-dry-market-monitor-week-29-2024.md) | +1.5% | +1.4% |
| WHEAT | 2024-03-25 | [Ukraine grain exports rise on week, lag on year \| Latest Market News](https://feedsoft.ai/events/14318-ukraine-grain-exports-rise-on-week-lag-on-year-latest-market-news.md) | -0.6% | +1.9% |
| WHEAT | 2019-02-13 | [Russian dominance over world wheat markets slows - Farmers Weekly](https://feedsoft.ai/events/60537-russian-dominance-over-world-wheat-markets-slows-farmers-weekly.md) | -2.1% | -4.5% |
| WHEAT | 2018-11-11 | [Market looks past midterms to USDA estimates - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61988-market-looks-past-midterms-to-usda-estimates-agweek-1-source-for-agriculture.md) | -0.2% | +0.8% |
| WHEAT | 2025-04-04 | [Basis flat as farmers monitor crop conditions — TradingView News](https://feedsoft.ai/events/25163-basis-flat-as-farmers-monitor-crop-conditions-tradingview-news.md) | -0.7% | +2.5% |

## Sources

- airfreight.news: https://airfreight.news/articles/full/signal-dry-weekly-market-monitor-week-30.2024

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