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USDA's Grain Transportation Report shows ocean freight for bulk grain held steady in Q2 2025 but ran well below Q2 2024 levels. US Gulf to Japan averaged $46.42 per metric ton, down 24% year over year, reflecting weak Chinese coal and soybean imports offset by iron ore.
Lower ocean freight widens the export competitiveness of US grain into Asia and lowers CFR costs for buyers, modestly supporting US export basis and feed grain demand abroad.
feedandgrain.comFeed, Grain StaffAug 1, 2025After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
