# Signal Dry Bulk Weekly Report — Breakwave Advisors

> The Signal Dry Bulk weekly report says freight rates for smaller vessel classes are weakening while Capesize shows upward momentum. Iron ore prices recovered from a two-year low but remain well below their March 2022 peak. Reports that Russia would extend the Black Sea grain agreement had eased Bosphorus canal congestion.

- Date: 2022-11-17 · published 2022-11-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38568-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Dry bulk freight rates feed into the landed cost of grain and soybean meal imports, so weaker Supramax and Handysize rates lower shipping costs for feed buyers. A Black Sea grain deal extension could lift those rates again.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2022/11/17/signal-dry-bulk-weekly-report

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