# Can dry bulks survive the next phase of the Sino-US trade war?

> A shipping analysis notes the Baltic Dry Index was solid through 2018 but has been posting 1,300-1,400 for much of the year, falling to 1,023 by November 19. It says the Sino-US trade dispute, including rushed U.S. soybean shipments ahead of China's retaliatory tariff, could pressure dry bulk markets going forward.

- Date: 2018-11-27 · published 2018-11-27T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/62230-can-dry-bulks-survive-the-next-phase-of-the-sino-us-trade-war
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Trade-war uncertainty over soybean shipments to China threatens dry-bulk demand and freight earnings. Lower export volumes can weigh on U.S. soybean and grain 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 | 2018-07-13 | [Canadian farmers 'caught in the crossfire' of US-China trade war](https://feedsoft.ai/events/64037-canadian-farmers-caught-in-the-crossfire-of-us-china-trade-war.md) | +1.9% | +7.0% |
| SOY | 2018-08-01 | [The bean at the heart of America's trade war](https://feedsoft.ai/events/63573-the-bean-at-the-heart-of-america-s-trade-war.md) | -1.6% | -9.2% |
| SOY | 2020-10-27 | [Trump's phase one trade deal with China and the US election \| PIIE](https://feedsoft.ai/events/50504-trump-s-phase-one-trade-deal-with-china-and-the-us-election-piie.md) | -3.4% | +9.5% |
| SOY | 2019-08-23 | [Trade war: US official says China far short of soybean purchase pledge](https://feedsoft.ai/events/57439-trade-war-us-official-says-china-far-short-of-soybean-purchase-pledge.md) | +0.0% | +3.1% |

## Sources

- ajot.com: https://www.ajot.com/premium/ajot-can-dry-bulks-survive-the-next-phase-of-the-sino-us-trade-war

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