# DRY BULK SHIPPING: BDI WEAKNESS IN Q4, AS THE TRADE WAR LIMITS DEMAND GROWTH AND DEMOLITIONS STALL - Maritimes

> A shipping report says the Baltic Dry Index rose strongly in the first three quarters of 2018 but Q4 gains are unlikely. Chinese iron ore imports were down 0.5% over the first ten months, and U.S. Gulf soybean shipments to China are expected to fall well short of last year. The author says the trade war will disappoint peak-season U.S. soybean exports.

- Date: 2018-11-22 · published 2018-11-22T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/62228-dry-bulk-shipping-bdi-weakness-in-q4-as-the-trade-war-limits-demand-growth-and
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower soybean export volumes to China reduce dry-bulk demand and weigh on freight rates for grain cargoes. Weaker U.S. export flows add pressure on soybean prices and export basis.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-08 | [Dry Bulk Shipping: The Effect of the Trade War](https://feedsoft.ai/events/61285-dry-bulk-shipping-the-effect-of-the-trade-war.md) | -2.4% | +0.9% |
| SOY | 2018-04-13 | [ALLIED: US-China Trade War Leaving Bitter Aftertaste in Dry Bulk Market \| World Maritime News](https://feedsoft.ai/events/65707-allied-us-china-trade-war-leaving-bitter-aftertaste-in-dry-bulk-market-world.md) | -2.2% | -4.5% |
| SOY | 2018-08-07 | [Shipping markets in chaos over trade war \| 2018-08-07  \| World Grain](https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain.md) | -2.7% | -5.2% |
| SOY | 2018-11-19 | [Canadian dollar edges lower as trade tensions weigh - The Globe and Mail](https://feedsoft.ai/events/62273-canadian-dollar-edges-lower-as-trade-tensions-weigh-the-globe-and-mail.md) | -3.4% | +1.7% |
| SOY | 2019-12-09 | [Aussie, yuan cede ground as trade deadline looms; pound jumps \| The Business Standard](https://feedsoft.ai/events/8449-aussie-yuan-cede-ground-as-trade-deadline-looms-pound-jumps-the-business.md) | +2.0% | +5.1% |

## Sources

- maritimes.gr: https://maritimes.gr/en/dry-bulk-shipping-bdi-weakness-in-q4-as-the-trade-war-limits-demand-growth-and-demolitions-stall/

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