# Market Perspectives - June 20, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council

> Houthi attacks in the Red Sea have intensified, with the bulk carrier m/v Tutor sinking after an attack that killed one crew member. War risk premiums have risen to about 0.7 percent of ship value, and attacks totaled 10 in June versus five in May.

- Date: 2024-06-20 · published 2024-06-20T12:00:00.000Z
- Category: geopolitics · region Red Sea · magnitude medium
- Page: https://feedsoft.ai/events/17023-market-perspectives-june-20-2024-page-6-of-9-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Higher war risk premiums, longer voyages and tighter vessel capacity raise ocean freight costs for grain and meal exports, supporting higher delivered prices for feed ingredients.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-15 | [Market Perspectives – December 15, 2022 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/5517-market-perspectives-december-15-2022-u-s-grains-and-bioproducts-council.md) | +2.2% | +4.0% |
| CORN | 2026-07-16 | [Grains Report 07/16/2026 - Market InsightsMarket Insights](https://feedsoft.ai/events/9564-grains-report-07-16-2026-market-insightsmarket-insights.md) | +3.1% | +0.6% |
| CORN | 2026-03-06 | [U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices \| The Western Producer](https://feedsoft.ai/events/13805-u-s-grain-oilseed-review-fears-of-oil-shortage-drives-up-prices-the-western.md) | +1.2% | +2.2% |
| CORN | 2022-03-29 | [Brazil hopes to be the corn market saviour - Grain Central](https://feedsoft.ai/events/13736-brazil-hopes-to-be-the-corn-market-saviour-grain-central.md) | +2.7% | +4.0% |
| CORN | 2026-07-24 | [Grains Markets Hit New Highs on Black Sea Attacks, Crude Oil Rally](https://feedsoft.ai/events/18388-grains-markets-hit-new-highs-on-black-sea-attacks-crude-oil-rally.md) | -3.8% | -0.1% |
| SOY | 2026-07-16 | [Grains Report 07/16/2026 - Market InsightsMarket Insights](https://feedsoft.ai/events/9564-grains-report-07-16-2026-market-insightsmarket-insights.md) | +2.6% | -3.1% |
| SOY | 2026-03-06 | [U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices \| The Western Producer](https://feedsoft.ai/events/13805-u-s-grain-oilseed-review-fears-of-oil-shortage-drives-up-prices-the-western.md) | +4.2% | -0.0% |
| SOY | 2026-07-24 | [Grains Markets Hit New Highs on Black Sea Attacks, Crude Oil Rally](https://feedsoft.ai/events/18388-grains-markets-hit-new-highs-on-black-sea-attacks-crude-oil-rally.md) | -4.9% | -1.4% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-20-2024/6/

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