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As of July 17, US Gulf to Japan grain freight reached $52.75 per metric ton, the highest since October, after a $4.00 weekly rise. Strong US corn exports and Brazilian soybean and corn flows are adding vessel demand.
USDA projects record US corn exports of 69.9 mmt for 2024/25.
Higher ocean freight raises landed costs for US grain into Asia, and robust export demand supports corn and soybean prices at origin.
doi.orgJul 24, 2025Not enough comparable past events yet for a historical read.
After 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, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
