# Ocean rate spike could steer exports to US | World Grain

> Economists from the University of Georgia and North Dakota State University found that 2021 ocean freight rate spikes did not immediately reduce US agricultural export volumes or producer prices. Their export share models predict those rates could let the US gain global market share in corn and soybeans over time.

- Date: 2022-03-03 · published 2022-03-03T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/12925-ocean-rate-spike-could-steer-exports-to-us-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight costs erode the competitiveness of distant origins, so sustained rate increases could shift export share toward US corn and soybeans and support US basis and export-linked prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-08 | [Customs strike to impact Argentina’s grain exports  \| World Grain](https://feedsoft.ai/events/46603-customs-strike-to-impact-argentina-s-grain-exports-world-grain.md) | -2.0% | +2.4% |
| CORN | 2022-05-25 | [How can Ukraine export its harvest to the world?](https://feedsoft.ai/events/14487-how-can-ukraine-export-its-harvest-to-the-world.md) | -2.8% | -3.7% |
| CORN | 2026-02-09 | [Lower Ocean Freight Costs Boost Grain Export Competitiveness -](https://feedsoft.ai/events/16879-lower-ocean-freight-costs-boost-grain-export-competitiveness.md) | +0.3% | +3.7% |
| CORN | 2021-02-03 | [Argentine Grain Exports Hit by Trucker Strike \| Feed & Grain](https://feedsoft.ai/events/48462-argentine-grain-exports-hit-by-trucker-strike-feed-and-grain.md) | +0.3% | -1.8% |
| CORN | 2022-07-15 | [Rail Strike Could Wreak Havoc on Grain Supply Chain \| Feed & Grain](https://feedsoft.ai/events/40499-rail-strike-could-wreak-havoc-on-grain-supply-chain-feed-and-grain.md) | -10.7% | -8.4% |
| SOY | 2019-05-29 | [Strike halts grain exports in Argentina \| 2019-05-29  \| World Grain](https://feedsoft.ai/events/58924-strike-halts-grain-exports-in-argentina-2019-05-29-world-grain.md) | +3.0% | +5.5% |
| SOY | 2026-02-09 | [Lower Ocean Freight Costs Boost Grain Export Competitiveness -](https://feedsoft.ai/events/16879-lower-ocean-freight-costs-boost-grain-export-competitiveness.md) | +1.6% | +5.9% |
| SOY | 2017-05-17 | [Infrastructure issues hamper Brazilian exports \| World-grain.com \| May 17, 2017 19:19 \| World Grain](https://feedsoft.ai/events/70903-infrastructure-issues-hamper-brazilian-exports-world-grain-com-may-17-2017-19.md) | -2.9% | -4.6% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/16570-ocean-rate-spike-could-steer-exports-to-us

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