# ECSA WATCH: Atlantic dry bulk market strength likely to wane in May on higher tonnage concerns

> East Coast South America market participants expect Atlantic Panamax dry bulk strength to ease in May 2024 due to an oversupply of ships despite a healthy cargo book through the month. Fixing date sensitivity is heightened and a long list of ballasters is tempering optimism.

- Date: 2024-05-01 · published 2024-05-01T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/30455-ecsa-watch-atlantic-dry-bulk-market-strength-likely-to-wane-in-may-on-higher
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A looser Atlantic Panamax market lowers freight costs for South American grain and meal exports to Asia and Europe, which can soften landed feed costs. The effect on prices is modest because cargo volumes remain solid.

## Read by commodity

- SBM: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-09-16 | [China buys Brazilian soy as hurricane damage limits US exports: traders - Markets - Business Recorder](https://feedsoft.ai/events/44957-china-buys-brazilian-soy-as-hurricane-damage-limits-us-exports-traders-markets.md) | +0.8% | -5.1% |
| SBM | 2017-01-04 | [Market update: Lysine prices increase on supply disruptions](https://feedsoft.ai/events/72919-market-update-lysine-prices-increase-on-supply-disruptions.md) | +1.7% | +9.0% |
| SBM | 2021-06-17 | [Civil protests once again block KCS de Mexico main line to busy port - Trains](https://feedsoft.ai/events/46602-civil-protests-once-again-block-kcs-de-mexico-main-line-to-busy-port-trains.md) | -5.2% | -2.7% |
| SBM | 2025-01-08 | [Low river levels remain a concern for inland waterways - Brownfield Ag News](https://feedsoft.ai/events/16477-low-river-levels-remain-a-concern-for-inland-waterways-brownfield-ag-news.md) | +0.9% | +4.7% |
| SBM | 2021-05-23 | [Stranded grain ships to be towed to decongest port in Argentina - BusinessWorld Online](https://feedsoft.ai/events/47133-stranded-grain-ships-to-be-towed-to-decongest-port-in-argentina-businessworld.md) | -0.7% | -6.8% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/pt/market-insights/latest-news/shipping/050124-ecsa-watch-atlantic-dry-bulk-market-strength-likely-to-wane-in-may-on-higher-tonnage-concerns

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