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Ocean freight rates for bulk grain fell seasonally from Q4 to Q1, according to USDA's Grain Transportation Report. The US Gulf to Japan grain rate was $46.25 per tonne for the week ended May 1, 25% below the same week in 2024.
Global dry bulk capacity is up 14% since December 2020.
Ample vessel capacity tends to keep freight rates soft, lowering landed costs for importers of US grain. Possible upward pressure from Indian coal demand and Brazilian soybean exports to China could limit further declines.
world-grain.comSusan ReidyMay 9, 2025Not 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.
