# Trade war scare looms over dry freight market

> Dry freight trading was sluggish in the week of June 18 as trade war fears over new US tariffs on $200 billion of Chinese goods weighed on sentiment. Capesize July contracts fell to $15,100 before recovering to $16,375 after short covering.

- Date: 2018-06-21 · published 2018-06-21T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/64704-trade-war-scare-looms-over-dry-freight-market
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker expected Chinese demand for iron ore and coal lowers capesize freight expectations, while trade tensions reduce expected grain and soybean flows to China. Freight is therefore pressured on the trade-war outlook.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.5% | -0.1% |
| SOY | 2018-08-11 | [China says U.S. farmers may never regain market share lost in trade war - POLITICO](https://feedsoft.ai/events/63420-china-says-u-s-farmers-may-never-regain-market-share-lost-in-trade-war-politico.md) | +4.2% | -1.5% |
| 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 | 2018-06-20 | [China trade war could permanently scar U.S. soybean market: Braun](https://feedsoft.ai/events/64568-china-trade-war-could-permanently-scar-u-s-soybean-market-braun.md) | -2.4% | -5.3% |
| SOY | 2019-08-07 | [Trade war escalation wreaks havoc in markets: Impact on FX \| Lombard Odier](https://feedsoft.ai/events/5370-trade-war-escalation-wreaks-havoc-in-markets-impact-on-fx-lombard-odier.md) | +2.9% | +1.7% |

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/trade-war-scare-looms-over-dry-freight-market

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