# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Signal Ocean reports Brazilian agricultural export volumes up 80% in January to May 2023 compared with the prior year, with Panamax vessels taking a growing share. Capesize and Panamax rates are showing signs of recovery, and iron ore prices fell after nine sessions of gains.

- Date: 2023-06-15 · published 2023-06-15T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/35708-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong Brazilian grain and oilseed shipments support Panamax freight demand and firm ocean grain costs. Iron ore weakness is a separate signal of softer Chinese demand.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/6/15/signal-dry-bulk-weekly-report

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