# Smaller Dry Bulk Vessel Classes Continue to Benefit From Robust Coarse Grain Trade — Breakwave Advisors

> USDA raised its forecast for 2023/24 global grain, wheat, soybean and soymeal exports to 698.9 million tons, a rise for the fifth consecutive month. Global coarse grain exports are projected at 243.2 million tons, up 10% year on year, with rising China imports and gains expected from Argentina and the US.

- Date: 2024-03-15 · published 2024-03-15T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/31405-smaller-dry-bulk-vessel-classes-continue-to-benefit-from-robust-coarse-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong coarse grain trade and China import demand support corn prices and sustain dry bulk demand, which tends to firm freight rates.

## Read by commodity

- CORN: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-19 | [Grain Contraction Just One of Several Potential Concerning Headwinds — Breakwave Advisors](https://feedsoft.ai/events/29495-grain-contraction-just-one-of-several-potential-concerning-headwinds-breakwave.md) | +3.8% | -1.2% |
| CORN | 2021-01-26 | [Ag Markets Continue to Rebound Higher \| Feed & Grain](https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain.md) | +5.1% | +1.5% |
| CORN | 2025-07-01 | [Trade war and grain import resilience: evidence from China’s response to U.S. Tariffs](https://feedsoft.ai/events/14656-trade-war-and-grain-import-resilience-evidence-from-china-s-response-to-u-s.md) | -3.3% | -4.5% |
| CORN | 2018-07-19 | [U.S. Grain Prices Crunched by Trade Fears  - WSJ](https://feedsoft.ai/events/6565-u-s-grain-prices-crunched-by-trade-fears-wsj.md) | -1.3% | -0.2% |
| CORN | 2021-05-05 | [Prices higher, corn continues tight: IGC - Grain Central](https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central.md) | +1.4% | -4.0% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2024/3/15/smaller-dry-bulk-vessel-classes-continue-to-benefit-from-robust-coarse-grain-trade

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