# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Signal Ocean's weekly dry bulk report shows Brazilian soybean exports to China running above last year, with Capesize rates firmer and Panamax, Supramax and Handysize weaker. The report notes uncertainty over extending the Black Sea Grain Initiative ahead of the May 18 Russian deadline.

- Date: 2023-05-17 · published 2023-05-17T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/36118-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising Brazil-to-China soybean flows support Panamax demand and freight, while Black Sea uncertainty adds risk to grain shipping costs and wheat and corn availability.

## Read by commodity

- SOY: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-28 | [The Big Picture:  US grain effect — Breakwave Advisors](https://feedsoft.ai/events/34462-the-big-picture-us-grain-effect-breakwave-advisors.md) | -1.8% | -6.0% |
| SOY | 2022-01-20 | [DDGS Weekly Market Report – January 20, 2022 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7371-ddgs-weekly-market-report-january-20-2022-u-s-grains-and-bioproducts-council.md) | +3.5% | +14.1% |
| SOY | 2018-11-26 | [Report: River dredging will benefit farmers - Brownfield Ag News](https://feedsoft.ai/events/61939-report-river-dredging-will-benefit-farmers-brownfield-ag-news.md) | +1.6% | +0.3% |
| SOY | 2020-11-25 | [Ag export equation: Bulk surge, box squeeze, ‘reefer madness’](https://feedsoft.ai/events/50357-ag-export-equation-bulk-surge-box-squeeze-reefer-madness.md) | -3.2% | +5.7% |
| SOY | 2020-03-21 | [Grain receivers will strike at ports](https://feedsoft.ai/events/54137-grain-receivers-will-strike-at-ports.md) | +2.2% | -4.2% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/5/17/signal-dry-bulk-weekly-report

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