# ALLIED: US-China Trade War Leaving Bitter Aftertaste in Dry Bulk Market | World Maritime News

> ALLIED Shipping Research says the US-China trade war is weighing on dry bulk markets. China's expanded tariffs on US agricultural products, including soybeans, hit a trade that dry bulkers usually serve during the US harvest season. ALLIED expects lower demand forecasts for the sector.

- Date: 2018-04-13 · published 2018-04-13T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/65707-allied-us-china-trade-war-leaving-bitter-aftertaste-in-dry-bulk-market-world
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Losing US soybean flows to China removes a seasonal freight peak for bulk carriers, which weakens ocean freight rates. Broader trade losses could also reduce dry bulk demand for raw materials.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +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 | 2024-06-03 | [How China minimised US farm imports and sharpened its trade war tactics \| World News - Business Standard](https://feedsoft.ai/events/14747-how-china-minimised-us-farm-imports-and-sharpened-its-trade-war-tactics-world.md) | -2.1% | -3.8% |
| SOY | 2018-11-22 | [DRY BULK SHIPPING: BDI WEAKNESS IN Q4, AS THE TRADE WAR LIMITS DEMAND GROWTH AND DEMOLITIONS STALL - Maritimes](https://feedsoft.ai/events/62228-dry-bulk-shipping-bdi-weakness-in-q4-as-the-trade-war-limits-demand-growth-and.md) | +0.5% | +0.2% |

## Sources

- worldmaritimenews.com: https://worldmaritimenews.com/archives/249409/allied-us-china-trade-war-leaving-bitter-aftertaste-in-dry-bulk-market/

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