# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Signal's weekly dry bulk report says freight sentiment weakened as more ships sat in ballast, while vessels congested at Chinese ports due to zero-COVID bottlenecks in Shanghai, Tianjin and Ningbo. Chicago wheat rebounded above $10.8 per bushel from a two-week low on concerns over North American winter crop conditions, and Newcastle coal rose near $326/t.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: logistics · region China · magnitude low
- Page: https://feedsoft.ai/events/42043-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), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weak Chinese port throughput and falling steel demand reduce bulk shipping demand, pressuring ocean grain freight, while North American drought lifts wheat values and feed-grain costs.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-02 | [Signal Dry Bulk Weekly Report — Breakwave Advisors](https://feedsoft.ai/events/38134-signal-dry-bulk-weekly-report-breakwave-advisors.md) | -9.7% | -1.7% |
| WHEAT | 2023-05-11 | [Signal Dry Bulk Weekly Report — Breakwave Advisors](https://feedsoft.ai/events/36120-signal-dry-bulk-weekly-report-breakwave-advisors.md) | -1.1% | -7.6% |
| WHEAT | 2022-01-27 | [Rising Tensions in Eastern Europe and Dry Bulk Shipping — Breakwave Advisors](https://feedsoft.ai/events/14516-rising-tensions-in-eastern-europe-and-dry-bulk-shipping-breakwave-advisors.md) | -2.1% | +1.0% |
| WHEAT | 2022-01-20 | [DDGS Weekly Market Report – January 20, 2022 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7371-ddgs-weekly-market-report-january-20-2022-u-s-grains-and-bioproducts-council.md) | +0.8% | -2.1% |
| WHEAT | 2024-10-23 | [Resuming attacks on Ukrainian grain exports threatens 1% of dry bulk market: BIMCO \| S&P Global](https://feedsoft.ai/events/14263-resuming-attacks-on-ukrainian-grain-exports-threatens-1-of-dry-bulk-market.md) | +0.3% | -1.4% |
| KWHEAT | 2026-07-29 | [Russia grain export forecast cut as Azov navigation remains closed - The Sizov Report blog](https://feedsoft.ai/events/14100-russia-grain-export-forecast-cut-as-azov-navigation-remains-closed-the-sizov.md) | -2.5% | +4.2% |
| KWHEAT | 2025-06-05 | [Grain Transportation Report, June 5, 2025](https://feedsoft.ai/events/16443-grain-transportation-report-june-5-2025.md) | -2.6% | -4.2% |
| KWHEAT | 2020-12-10 | [U.S. Wheat Export Basis to Remain High Until March 2021 - U.S. Wheat Associates](https://feedsoft.ai/events/49692-u-s-wheat-export-basis-to-remain-high-until-march-2021-u-s-wheat-associates.md) | +2.0% | +8.1% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2022/4/28/signal-dry-bulk-weekly-report

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