# FEATURE | Dry bulk freight rates down from multi-year highs as the market fundamentals make themselves felt

> BIMCO says dry bulk freight rates have fallen from multi-year highs as supply growth outpaces demand, a trend it expects to continue into 2020. It also notes that US soybean exports during the main season are running below prior years because of the trade war and China's pig cull.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/56290-feature-dry-bulk-freight-rates-down-from-multi-year-highs-as-the-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Oversupplied dry bulk tonnage pushes freight rates lower, which supports cheaper grain shipping. Weaker Chinese soybean demand from ASF-driven herd losses also reduces export volumes and pressures soybean prices.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-05 | [MID-SHIP Report: Dry Bulk Freight Market - June 5 2025 - MID-SHIP Group](https://feedsoft.ai/events/24401-mid-ship-report-dry-bulk-freight-market-june-5-2025-mid-ship-group.md) | +0.5% | +1.1% |
| SOY | 2023-09-18 | [High Barge Freight, Low River Levels Detrimental to Farmers at Harvest](https://feedsoft.ai/events/34292-high-barge-freight-low-river-levels-detrimental-to-farmers-at-harvest.md) | -3.3% | -4.5% |
| SOY | 2025-12-04 | [Ocean Freight Rates Rise as Grain Shipping Pressures Build - RFD-TV](https://feedsoft.ai/events/16896-ocean-freight-rates-rise-as-grain-shipping-pressures-build-rfd-tv.md) | -2.2% | -7.7% |
| SOY | 2024-10-25 | [Horizons: Low Water Equals Rising Freight Rates - The Waterways Journal](https://feedsoft.ai/events/16501-horizons-low-water-equals-rising-freight-rates-the-waterways-journal.md) | -1.4% | -1.9% |
| SOY | 2023-11-13 | [Dry bulk market braces for tightening Panama transit restrictions - Maritimes](https://feedsoft.ai/events/33063-dry-bulk-market-braces-for-tightening-panama-transit-restrictions-maritimes.md) | +0.5% | +0.2% |

## Sources

- bairdmaritime.com: https://www.bairdmaritime.com/shipping/dry-cargo/feature-dry-bulk-freight-rates-down-from-multi-year-highs-as-the-market-fundamentals-make-themselves-felt

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