# Market Perspectives - October 17, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council

> Weekly market review notes no reported Houthi attacks on vessels in the Red Sea this week, with ships still avoiding the region and using routes around the Cape of Good Hope. Russia continued strikes on Odesa port infrastructure and vessels, and insurers raised premiums. Record US grain and soybean exports to Mexico face rail congestion and inspection delays.

- Date: 2024-10-17 · published 2024-10-17T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/16993-market-perspectives-october-17-2024-page-6-of-7-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher war-risk insurance and longer routings keep ocean freight elevated for Black Sea and US grain, while Mexican rail bottlenecks slow US feed deliveries and can widen regional basis.

## Read by commodity

- SOY: neutral
- CORN: neutral
- DDGS: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-10-19 | [Market Perspectives October 19, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/68360-market-perspectives-october-19-2017-page-9-of-10-u-s-grains-and-bioproducts.md) | -0.9% | -0.8% |
| SOY | 2024-11-21 | [Market Perspectives - November 21, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16984-market-perspectives-november-21-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.2% | -2.8% |
| SOY | 2024-04-25 | [Market Perspectives - April 25, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/30623-market-perspectives-april-25-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | -0.9% | +6.9% |
| SOY | 2022-07-21 | [Market Perspectives – July 21, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/40678-market-perspectives-july-21-2022-page-9-of-10-u-s-grains-and-bioproducts-council.md) | +9.0% | +1.8% |
| SOY | 2020-05-07 | [Grains Go With The Flow: U.S. Inland Waterway System Operating Normally During COVID-19 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/53012-grains-go-with-the-flow-u-s-inland-waterway-system-operating-normally-during.md) | +0.7% | +4.5% |
| CORN | 2024-11-21 | [Market Perspectives - November 21, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16984-market-perspectives-november-21-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -3.5% | +1.6% |
| CORN | 2024-04-25 | [Market Perspectives - April 25, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/30623-market-perspectives-april-25-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | +0.7% | +4.5% |
| CORN | 2017-03-02 | [Market Perspectives March 2, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71885-market-perspectives-march-2-2017-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -2.8% | -3.1% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-october-17-2024/5/
- grains.org: https://grains.org/market_perspectives/market-perspectives-october-17-2024/6/

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