# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Signal Ocean's weekly dry bulk report says grain flows from Russia to Turkey and Egypt hit a two-year high in March, with Handysize and Panamax vessels taking large shares. It also notes that extending the Black Sea grain trade will boost demand sentiment, while port congestion and excess Handysize tonnage limit the rally.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: report · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/36752-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)

## Why it matters

Strong Russian grain export volumes support freight demand and firm Q2 dry bulk rates, while excess small-vessel supply caps the upside in ocean freight costs for feed grain buyers.

## Read by commodity

- WHEAT: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-12 | [Grain market steady after USDA report - Farmers Weekly](https://feedsoft.ai/events/73541-grain-market-steady-after-usda-report-farmers-weekly.md) | +1.1% | +2.0% |
| WHEAT | 2017-11-13 | [Weekly Market Report: 11/10/17 – Oklahoma Farm & Ranch](https://feedsoft.ai/events/6094-weekly-market-report-11-10-17-oklahoma-farm-and-ranch.md) | +1.0% | -3.1% |
| WHEAT | 2018-05-10 | [WASDE report shows bullish signs but market reacts cautiously...so far - RealAgriculture](https://feedsoft.ai/events/64968-wasde-report-shows-bullish-signs-but-market-reacts-cautiously-so-far.md) | -1.0% | +2.7% |
| WHEAT | 2020-08-12 | [August WASDE report Black Sea commentary - The Sizov Report blog](https://feedsoft.ai/events/51459-august-wasde-report-black-sea-commentary-the-sizov-report-blog.md) | +0.4% | +11.3% |
| WHEAT | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | +0.1% | -1.6% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/3/29/signal-dry-bulk-weekly-report
- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/3/31/braemar-weekly-dry-market-report

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