# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Breakwave's weekly dry bulk report says freight is gaining momentum across all main dry bulk sizes, with larger vessels leading. It flags that Russia-Ukraine tensions are cutting grain shipment volumes, with February volumes well below prior months and prior years. Russia and Ukraine together account for almost 30% of world grain exports.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/42907-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower Black Sea grain shipments tighten wheat supply and support wheat prices, while the drop in grain volumes weighs on dry bulk demand and freight earnings.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-23 | [Signal Dry Bulk Weekly Report — Breakwave Advisors](https://feedsoft.ai/events/42458-signal-dry-bulk-weekly-report-breakwave-advisors.md) | +1.3% | -9.2% |
| 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 | 2022-02-27 | [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% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2022/2/23/signal-dry-bulk-weekly-report

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