# Signal Dry Bulk Weekly Report — Breakwave Advisors

> The Signal Ocean weekly dry bulk report says freight rates weakened across all vessel sizes in late July, with more ballast vessels and falling Capesize demand. It also notes Russia's decision not to extend the Black Sea grain agreement and China's pledge to boost domestic demand.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35233-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer dry bulk rates reflect weak cargo demand, particularly for iron ore and grain, which lowers freight costs for grain buyers. The Black Sea uncertainty adds upside risk to grain prices but is not yet reflected in freight rates here.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/7/26/signal-dry-bulk-weekly-report

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