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First-quarter 2026 wheat transportation costs to Japan rose 1-2 percent via Pacific Northwest routes on higher ocean freight, which climbed 5 percent quarter to quarter and 14 percent year over year. Gulf route costs fell 2 percent for Kansas wheat, though Gulf ocean rates remained 19 percent higher than a year earlier.
Rising Pacific ocean freight narrows PNW wheat export competitiveness versus Gulf routes, shifting origin basis and reinforcing elevated freight costs for US wheat export buyers.
feedandgrain.comFeed, Grain StaffMay 29, 2026After 40 past neutral report events, KWHEAT moved a median -0.9% over 5 sessions (38% higher; middle half -3.1% to +1.6%), and -0.5% over 20.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
