# The Big Picture:  US grain effect — Breakwave Advisors

> US grain trades have fallen sharply in 2023, with combined corn, soybean meal and wheat exports down about 14 million tonnes year on year in the first half. Soybean shipment enquiries are now emerging for the coming export season, and the fronthaul route has reached its highest level since June.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/34462-the-big-picture-us-grain-effect-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A recovery in US soybean export demand for the fall season would support Panamax freight and US export basis.

## Read by commodity

- SOY: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-05-17 | [Signal Dry Bulk Weekly Report — Breakwave Advisors](https://feedsoft.ai/events/36118-signal-dry-bulk-weekly-report-breakwave-advisors.md) | -3.0% | +1.8% |
| SOY | 2020-12-01 | [Argentina Port Workers Strike, Affect Shipments \| Feed & Grain](https://feedsoft.ai/events/49664-argentina-port-workers-strike-affect-shipments-feed-and-grain.md) | -0.9% | +10.9% |
| SOY | 2020-09-15 | [Grain shippers brace for tight rail market - FreightWaves](https://feedsoft.ai/events/51304-grain-shippers-brace-for-tight-rail-market-freightwaves.md) | +0.3% | +1.4% |
| SOY | 2020-09-28 | [Argentine port strike paralyzes the country's grain exports - DatamarNews](https://feedsoft.ai/events/51123-argentine-port-strike-paralyzes-the-country-s-grain-exports-datamarnews.md) | +1.8% | +8.1% |
| SOY | 2022-04-28 | [Labor issues, idle trains leave U.S. grain and food stranded -shippers](https://feedsoft.ai/events/41856-labor-issues-idle-trains-leave-u-s-grain-and-food-stranded-shippers.md) | -3.3% | -2.6% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/8/28/braemar-weekly-dry-market-report

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