# Uncertainty is the biggest villain in strained dry bulk market

> Bimco and Braemar ACM both project that trade disputes and weak fundamentals will weigh on the dry bulk market and the Baltic Dry Index in 2019. Norvic Shipping's CEO describes the market as strained across the board.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/61283-uncertainty-is-the-biggest-villain-in-strained-dry-bulk-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expectations of a weaker Baltic Dry Index suggest lower ocean freight costs for feed grain and meal shipments, though trade-war uncertainty could also disrupt soybean flows.

## Read by commodity

- SBM: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2019-01-25 | [State Of The Industry: Trade Uncertainty Still Dominates Outlook For 2019 - The Waterways Journal](https://feedsoft.ai/events/60988-state-of-the-industry-trade-uncertainty-still-dominates-outlook-for-2019-the.md) | -0.7% | -2.1% |
| SBM | 2023-07-12 | [Ukraine retains leadership in the Chinese sunflower meal market](https://feedsoft.ai/events/35158-ukraine-retains-leadership-in-the-chinese-sunflower-meal-market.md) | +5.0% | +3.5% |
| SBM | 2018-08-05 | [China pork market faces uncertainties – Asian Agribiz](https://feedsoft.ai/events/63552-china-pork-market-faces-uncertainties-asian-agribiz.md) | -2.7% | -8.7% |
| SBM | 2025-10-25 | [Black Sea Grain Market Analysis](https://feedsoft.ai/events/14171-black-sea-grain-market-analysis.md) | +10.4% | +9.1% |
| SBM | 2023-01-31 | [The EU has reduced its interest in Ukrainian sunflower meal](https://feedsoft.ai/events/37884-the-eu-has-reduced-its-interest-in-ukrainian-sunflower-meal.md) | -0.2% | +0.8% |

## Sources

- shippingwatch.com: https://shippingwatch.com/carriers/Bulk/article11155147.ece

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