# Ocean freight rates moderate but uncertainty remains | World Grain

> 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.

- Date: 2025-05-09 · published 2025-05-09T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/16942-ocean-freight-rates-moderate-but-uncertainty-remains-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- world-grain.com: https://www.world-grain.com/articles/21375-ocean-freight-rates-moderate-but-uncertainty-remains

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.