# Is the Winter Rally Over for Capesizes? — Breakwave Advisors

> An analysis says October has been disappointing for dry-bulk shipping, with Capesize rates surging in September to about 35,000 before falling back to the mid-to-high teens as cargo flows dried up and ships ballasted toward Brazil. The author believes a recovery is still possible but acknowledges high uncertainty.

- Date: 2020-10-19 · published 2020-10-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50833-is-the-winter-rally-over-for-capesizes-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak Capesize rates reduce bulk freight costs for grain exporters, but the outlook is volatile and mainly reflects ore and coal shipping conditions.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2020/10/19/is-the-dry-bulk-winter-rally-over

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