# Dry bulk shipping optimism amid the gloom in a mixed-up market - FreightWaves

> Breakwave Advisors data show dry bulk volumes and rates down sharply year over year as of late April 2019, with the Baltic Dry Index averaging 789 year to date. China's soybean imports were down 14.3 percent year to date. Some market participants see early signs of recovery.

- Date: 2019-05-02 · published 2019-05-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59288-dry-bulk-shipping-optimism-amid-the-gloom-in-a-mixed-up-market-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak Chinese soybean import demand reduces seaborne grain and oilseed volumes and keeps freight pressure on bulk carriers. Signs of a rate recovery could lift freight costs modestly.

## Read by commodity

- OCEANFRT: neutral

## Sources

- freightwaves.com: https://www.freightwaves.com/news/maritime-20190502-dry-bulk-optimism-amid-the-gloom

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