# Panamax rates slide as trade war bites into US soybean exports to China

> Panamax bulker rates slid as the US-China trade war reduced US soybean exports to China. Chinese coal imports were cited as the main factor that could lift rates in the final months of the year.

- Date: 2019-11-06 · published 2019-11-06T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/56287-panamax-rates-slide-as-trade-war-bites-into-us-soybean-exports-to-china
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker US soybean shipments to China lower demand for Panamax tonnage and put downward pressure on soybean export values. Freight rates may recover if coal demand picks up.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-29 | [Local ports see 'dramatic hit' to soybean exports during US-China trade war](https://feedsoft.ai/events/59104-local-ports-see-dramatic-hit-to-soybean-exports-during-us-china-trade-war.md) | +3.0% | +5.5% |
| SOY | 2018-12-27 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/61593-inside-china-s-strategy-in-the-soybean-trade-war.md) | +3.5% | +6.4% |
| SOY | 2018-09-20 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/63015-inside-china-s-strategy-in-the-soybean-trade-war.md) | +2.4% | +6.7% |
| SOY | 2024-03-22 | [Brazil’s intrusion on US soy exports to China somewhat mimics trade-war era](https://feedsoft.ai/events/14764-brazil-s-intrusion-on-us-soy-exports-to-china-somewhat-mimics-trade-war-era.md) | -1.7% | -5.1% |
| SOY | 2018-05-10 | [China set to trim 2018/19 soybean imports as trade row boosts prices](https://feedsoft.ai/events/64912-china-set-to-trim-2018-19-soybean-imports-as-trade-row-boosts-prices.md) | -0.7% | -3.3% |

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/panamax-rates-slide-as-trade-war-bites-into-us-soybean-exports-to-china/2-1-700268

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