# High freight could open door for US corn to China | Latest Market News

> Surging freight costs since early March, tied to the US-Iran war, have pushed the Santos to Qingdao dry grains rate above the Houston to Qingdao rate for the first time since October 2022. US Gulf corn FOB prices have stayed globally competitive, and US exports reached 66.5mn t through 5 March. China has bought no US corn this marketing year.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: logistics · region China · magnitude medium
- Page: https://feedsoft.ai/events/14763-high-freight-could-open-door-for-us-corn-to-china-latest-market-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A freight-driven shift in the origin spread could make US corn competitive into China again, supporting US corn export demand and prices if Chinese buyers engage. Higher freight also raises delivered costs for feed buyers.

## Read by commodity

- CORN: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-17 | [Freight rates accelerate Asian corn prices, marking new historical high](https://feedsoft.ai/events/48516-freight-rates-accelerate-asian-corn-prices-marking-new-historical-high.md) | +0.3% | -4.7% |
| CORN | 2024-10-23 | [Freight rates for grain transportation continue to rise \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/28066-freight-rates-for-grain-transportation-continue-to-rise-ukrainian-and-world.md) | -0.6% | +0.9% |
| CORN | 2020-09-15 | [Grain shippers brace for tight rail market - FreightWaves](https://feedsoft.ai/events/51304-grain-shippers-brace-for-tight-rail-market-freightwaves.md) | +3.3% | +6.5% |
| CORN | 2026-02-23 | [High barge freight keeps US corn and soybean CIF NOLA elevated \| S&P Global](https://feedsoft.ai/events/16388-high-barge-freight-keeps-us-corn-and-soybean-cif-nola-elevated-s-and-p-global.md) | +2.1% | +7.7% |
| CORN | 2026-01-27 | [Soybean, corn barge basis bids turn higher on firm freight, weather woes — TradingView News](https://feedsoft.ai/events/21221-soybean-corn-barge-basis-bids-turn-higher-on-firm-freight-weather-woes.md) | -0.7% | -0.4% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2800367-high-freight-could-open-door-for-us-corn-to-china

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