# Signal Dry Bulk Weekly Report — Breakwave Advisors

> 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.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/39025-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

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.

## Read by commodity

- WHEAT: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-12 | [Louis Dreyfus to open Russian grain terminal \| Dry Bulk](https://feedsoft.ai/events/73348-louis-dreyfus-to-open-russian-grain-terminal-dry-bulk.md) | +1.1% | +2.0% |
| WHEAT | 2018-10-08 | [NIBULON exports largest agricultural volume during 1Q marketing year \| Dry Bulk](https://feedsoft.ai/events/62391-nibulon-exports-largest-agricultural-volume-during-1q-marketing-year-dry-bulk.md) | -2.7% | +5.8% |
| WHEAT | 2024-09-30 | [Bulk carriers freight rates from Ukrainian ports have increased \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/28514-bulk-carriers-freight-rates-from-ukrainian-ports-have-increased-ukrainian-and.md) | +0.6% | -6.3% |
| WHEAT | 2021-10-03 | [Sudan running out of essential medicine, fuel and wheat due to port blockade \| Reuters](https://feedsoft.ai/events/44462-sudan-running-out-of-essential-medicine-fuel-and-wheat-due-to-port-blockade.md) | +4.2% | +7.9% |
| WHEAT | 2022-04-28 | [Grain Transportation Report, April 28, 2022](https://feedsoft.ai/events/42042-grain-transportation-report-april-28-2022.md) | -1.3% | +0.9% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2022/10/27/signal-dry-bulk-weekly-report

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