
The International Grains Council's Grains and Oilseeds Freight Index rose from 138 in early January to 187 by mid-September, about 35.5%. Strong iron ore shipments and a Baltic Dry Index near five-year highs compete for bulk shipping capacity alongside Panama Canal restrictions.
Rising freight erodes the competitiveness of U.S. corn, soybean and wheat exports against Brazilian and Black Sea origins, supporting ocean freight costs and affecting export basis.
Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.