# Dry Bulk: Turnaround Turkey Day? — Breakwave Advisors

> Capesize rates remain under pressure after an early October spike to near $35,000 per day proved to be a short squeeze rather than a durable imbalance. Panamax and supramax vessels are stuck in narrow ranges despite robust US Gulf grain exports, and the author notes spot rates historically bottom before US Thanksgiving.

- Date: 2020-11-11 · published 2020-11-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50358-dry-bulk-turnaround-turkey-day-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Persistently weak dry bulk rates keep ocean freight costs low for grain exporters, though a seasonal bottom could support modest freight recovery into late November.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2020/11/11/capesize-market-turnaround-thanksgiving

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