# Signal Dry Bulk Weekly Report — Breakwave Advisors

> Breakwave's February 9 weekly report says Capesize freight is gradually recovering after the Lunar New Year, with Brazil to North China rates above $20/t. China is taking steps to control iron ore prices and boost domestic mining output. Russia has resumed shipments of wheat and barley to China after phytosanitary restrictions were eased.

- Date: 2022-02-09 · published 2022-02-09T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/42912-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), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Resumed Russian grain sales to China add to export flows and modestly ease feed grain supply, while firmer Capesize rates raise ocean freight costs for bulk commodities.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-10-24 | [Dry Bulk Grain Flows — Breakwave Advisors](https://feedsoft.ai/events/16995-dry-bulk-grain-flows-breakwave-advisors.md) | +0.3% | -1.4% |
| WHEAT | 2021-11-22 | [Russian wheat exports on the rise - The Sizov Report blog](https://feedsoft.ai/events/14532-russian-wheat-exports-on-the-rise-the-sizov-report-blog.md) | -0.1% | -3.6% |
| WHEAT | 2022-07-22 | [Ukraine war: Deal signed to allow grain exports to resume by sea - BBC News](https://feedsoft.ai/events/14474-ukraine-war-deal-signed-to-allow-grain-exports-to-resume-by-sea-bbc-news.md) | -10.2% | -1.7% |
| WHEAT | 2022-07-22 | ['A beacon of hope': Ukraine, Russia sign grain export deal \| AP News](https://feedsoft.ai/events/14469-a-beacon-of-hope-ukraine-russia-sign-grain-export-deal-ap-news.md) | -10.2% | -1.7% |
| WHEAT | 2023-11-02 | [Russian Wheat Pushes Growth of Black Sea Dry Bulk Exports \| Dry bulk shipping news \| Shipping Telegraph](https://feedsoft.ai/events/14348-russian-wheat-pushes-growth-of-black-sea-dry-bulk-exports-dry-bulk-shipping.md) | -1.1% | -0.5% |

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2022/2/9/signal-dry-bulk-weekly-report

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