# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Signal Ocean's weekly dry bulk report says Capesize freight weakened in late October while smaller vessel segments were flat. Grain flows from Brazil to China on Panamax ships surged in October, supporting Panamax freight rates. China's Q3 GDP growth of 4.9% beat forecasts but remained well below the prior quarter.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/33809-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger Brazil-to-China grain movements lift Panamax freight, which raises the cost of moving feed grains and meal on that route and can narrow Brazilian export margins.

## Read by commodity

- SOY: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-15 | [Breakwave Bi-Weekly Dry Bulk Report - August 15, 2023 — Breakwave Advisors](https://feedsoft.ai/events/34762-breakwave-bi-weekly-dry-bulk-report-august-15-2023-breakwave-advisors.md) | -1.5% | -4.3% |
| SOY | 2024-02-28 | [Dry Weekly Market Monitor — Breakwave Advisors](https://feedsoft.ai/events/31873-dry-weekly-market-monitor-breakwave-advisors.md) | +0.8% | +6.0% |
| SOY | 2024-02-21 | [Dry Weekly Market Monitor — Breakwave Advisors](https://feedsoft.ai/events/31875-dry-weekly-market-monitor-breakwave-advisors.md) | -4.1% | +0.6% |
| SOY | 2021-02-19 | [The Big Picture: Panamax Rates — Breakwave Advisors](https://feedsoft.ai/events/48848-the-big-picture-panamax-rates-breakwave-advisors.md) | +2.3% | +1.3% |
| SOY | 2020-08-31 | [Dry Bulk Market: Capesize Segment Ends Week in a Bang - Maritimes](https://feedsoft.ai/events/51811-dry-bulk-market-capesize-segment-ends-week-in-a-bang-maritimes.md) | +2.0% | +4.8% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/10/25/signal-dry-bulk-weekly-report

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