# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Signal Ocean's weekly dry bulk report says freight rates softened in late March as Russia blocked grain vessels from leaving the Black Sea, with 100 to 300 ships reportedly held. The IGC flagged food security risks, and India is set to export a record 7 million tons of wheat.

- Date: 2022-03-23 · published 2022-03-23T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/42458-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Blocked Black Sea grain loadings tighten global wheat availability and support export prices, while India's record wheat exports partly offset the gap. Softer dry bulk rates reduce freight costs for shipments that can move.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-03 | [Signal Dry Bulk Weekly Report — Breakwave Advisors](https://feedsoft.ai/events/12926-signal-dry-bulk-weekly-report-breakwave-advisors.md) | +4.9% | +19.4% |
| WHEAT | 2022-02-23 | [Signal Dry Bulk Weekly Report — Breakwave Advisors](https://feedsoft.ai/events/42907-signal-dry-bulk-weekly-report-breakwave-advisors.md) | +6.4% | +26.3% |
| WHEAT | 2022-02-27 | [The Big Picture: Major escalations — Breakwave Advisors](https://feedsoft.ai/events/42609-the-big-picture-major-escalations-breakwave-advisors.md) | +12.1% | +26.0% |
| WHEAT | 2026-08-27 | [Wheat rallies as Black Sea exports stall - Farmers Weekly](https://feedsoft.ai/events/17950-wheat-rallies-as-black-sea-exports-stall-farmers-weekly.md) | +4.0% | +7.1% |
| WHEAT | 2024-05-21 | [Wheat prices soar as Black Sea crop causes concern \| Dry Bulk](https://feedsoft.ai/events/4594-wheat-prices-soar-as-black-sea-crop-causes-concern-dry-bulk.md) | -7.2% | -10.5% |
| KWHEAT | 2024-05-21 | [Wheat prices soar as Black Sea crop causes concern \| Dry Bulk](https://feedsoft.ai/events/4594-wheat-prices-soar-as-black-sea-crop-causes-concern-dry-bulk.md) | +5.0% | -13.8% |
| KWHEAT | 2022-02-26 | [Black Sea Grain Export Disruptions Won't Be Easy to Replace, Analyst Says](https://feedsoft.ai/events/42751-black-sea-grain-export-disruptions-won-t-be-easy-to-replace-analyst-says.md) | +35.4% | +25.3% |
| KWHEAT | 2026-07-10 | [Evening Report \| Wheat's war premium - Pro Farmer](https://feedsoft.ai/events/7341-evening-report-wheat-s-war-premium-pro-farmer.md) | +11.6% | +9.0% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2022/3/23/signal-dry-bulk-weekly-report

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