# Breakwave Bi-Weekly Dry Bulk Report - August 15, 2023 — Breakwave Advisors

> Breakwave's bi-weekly dry bulk report says Panamax spot rates are up more than 60% from recent lows, with Supramax rates following more slowly, driven by strong grain and coal demand. Capesize earnings remain in the middle of their three-month range of 11,000-15,000 while China's property sector stress continues.

- Date: 2023-08-15 · published 2023-08-15T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/34762-breakwave-bi-weekly-dry-bulk-report-august-15-2023-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

Stronger Panamax and Supramax freight raises the cost of shipping grain from the Americas and Black Sea, which can narrow FOB export margins for feed grains and meal.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-01 | [Grain Transportation Report, August 1, 2024](https://feedsoft.ai/events/28759-grain-transportation-report-august-1-2024.md) | -0.1% | -3.8% |
| CORN | 2024-02-15 | [Grain Transportation Report, February 15, 2024](https://feedsoft.ai/events/16561-grain-transportation-report-february-15-2024.md) | +0.3% | +4.4% |
| CORN | 2025-04-17 | [Grain Transportation Report, April 17, 2025](https://feedsoft.ai/events/16459-grain-transportation-report-april-17-2025.md) | -0.5% | -5.1% |
| CORN | 2024-04-11 | [Grain Transportation Report, April 11, 2024](https://feedsoft.ai/events/30926-grain-transportation-report-april-11-2024.md) | -0.4% | +0.8% |
| CORN | 2024-01-11 | [Grain Transportation Report, January 11, 2024](https://feedsoft.ai/events/16576-grain-transportation-report-january-11-2024.md) | -1.3% | -5.6% |
| SOY | 2023-10-25 | [Signal Dry Bulk Weekly Report — Breakwave Advisors](https://feedsoft.ai/events/33809-signal-dry-bulk-weekly-report-breakwave-advisors.md) | -0.6% | +6.3% |
| 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 | 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% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/7/11/breakwave-bi-weekly-drybulk-report-aug-15-2023-n3yxf

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