# Black Sea Region Could Add Further Support to the Dry Bulk Market in the Coming Months | Hellenic Shipping News Worldwide

> Intermodal says global grain markets remain stretched by drought, heat, rain, poor yields and geopolitical disruption. Grain freight rates declined from Q2 to Q3 2022 and are lower year on year. The market is watching China's demand after its easing of COVID restrictions and US railroad and river disruptions.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38570-black-sea-region-could-add-further-support-to-the-dry-bulk-market-in-the-coming
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Softer grain freight reduces shipping costs for feed importers, while expected Chinese demand recovery could firm grain and soymeal prices. Dry bulk rates may get support from Black Sea trade.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OCEANFRT: bearish ▼

## Sources

- hellenicshippingnews.com: https://www.hellenicshippingnews.com/black-sea-region-could-add-further-support-to-the-dry-bulk-market-in-the-coming-months/

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