# Signal Dry Bulk Weekly Report — Breakwave Advisors

> The Signal Ocean weekly dry bulk report says Capesize rates from Brazil to North China fell below $18/tonne after an early-December upswing. US grain shipments to China fell 45% in November from October and from a year earlier.

- Date: 2023-12-13 · published 2023-12-13T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/32918-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker US-to-China grain volumes reduce tonnage demand on those routes, while freight rate swings change landed costs for imported feed grains. The net effect on feed prices is modest in this single week.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-06-05 | [MID-SHIP Report: Dry Bulk Freight Market - June 5 2025 - MID-SHIP Group](https://feedsoft.ai/events/24401-mid-ship-report-dry-bulk-freight-market-june-5-2025-mid-ship-group.md) | -2.2% | -0.6% |
| CORN | 2021-08-20 | [Record number of dry bulk ships hit by port congestion - Splash247](https://feedsoft.ai/events/45744-record-number-of-dry-bulk-ships-hit-by-port-congestion-splash247.md) | +0.4% | -6.4% |
| CORN | 2023-06-12 | [Low Water Safety Advisory: MM 167 to MM 303 AHP LMR (12' and Below) – Inland Rivers, Ports & Terminals, INC.](https://feedsoft.ai/events/16620-low-water-safety-advisory-mm-167-to-mm-303-ahp-lmr-12-and-below-inland-rivers.md) | +6.8% | -3.2% |
| CORN | 2023-05-29 | [After a long break, two bulk carriers sailed from Ukrainian ports to the Bosphorus](https://feedsoft.ai/events/14396-after-a-long-break-two-bulk-carriers-sailed-from-ukrainian-ports-to-the.md) | -4.6% | -4.0% |
| CORN | 2023-06-01 | [Grain Journal \| USDA Grain Transportation Report (6/1): War in Sudan…](https://feedsoft.ai/events/35382-grain-journal-usda-grain-transportation-report-6-1-war-in-sudan.md) | -2.2% | -3.2% |
| SOY | 2025-06-05 | [MID-SHIP Report: Dry Bulk Freight Market - June 5 2025 - MID-SHIP Group](https://feedsoft.ai/events/24401-mid-ship-report-dry-bulk-freight-market-june-5-2025-mid-ship-group.md) | +0.5% | +1.1% |
| SOY | 2021-08-20 | [Record number of dry bulk ships hit by port congestion - Splash247](https://feedsoft.ai/events/45744-record-number-of-dry-bulk-ships-hit-by-port-congestion-splash247.md) | +3.4% | -2.9% |
| SOY | 2019-04-02 | [Brazilian Port Operators Seeking Ways to Reduce Panama Canal Tariffs](https://feedsoft.ai/events/59499-brazilian-port-operators-seeking-ways-to-reduce-panama-canal-tariffs.md) | +0.4% | -6.1% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/12/13/signal-dry-bulk-weekly-report

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