# Signal Dry Bulk Weekly Report — Breakwave Advisors

> The Signal Dry Bulk weekly report says Capesize freight momentum slowed in late May amid weak demand and China iron ore concerns. It notes the Black Sea Grain Initiative was extended, but Ukrainian grain export volumes in May are running below last year's levels. Ship inspection challenges at Black Sea ports remain.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/35833-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Softer dry bulk freight and weaker Ukrainian grain flows point to ample supply and modest downward pressure on ocean freight and wheat and corn export values.

## Read by commodity

- CORN: neutral
- WHEAT: neutral
- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/5/26/signal-dry-bulk-weekly-report

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