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Signal Ocean's weekly dry bulk report says freight rates remain weak, with the last week of October seeing declines in all size classes except a stable Panamax market. Ships in ballast rose for a second week, and the Black Sea Grain Initiative, due to expire in late November, was in focus.
Weak dry bulk freight lowers shipping costs for grain and oilseed exporters, while uncertainty over the Black Sea corridor's renewal could tighten Ukrainian grain flows and support wheat and corn prices.
breakwaveadvisors.comSignal OceanOct 27, 2022Not enough comparable past events yet for a historical read.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
