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Ocean freight for bulk grain from the US Gulf to Japan averaged $69.27 per metric ton in Q2 2026, up 26% quarterly and 49% year over year. Pacific Northwest to Japan rates rose 18% quarterly, while European routes declined 2%.
Higher Gulf freight widens the export spread and erodes US Gulf price competitiveness versus Pacific Northwest and other origins, pressuring Gulf bids for corn, soybeans and sorghum.
feedandgrain.comFeed, Grain StaffJul 24, 2026Not enough comparable past events yet for a historical read.
After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
