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Ocean freight from the Gulf to Japan averaged $72.76 per metric ton in Q3, up 34% year over year, while Pacific Northwest rates rose 26%. By October 8, Gulf-to-Japan rates had reached $76.25 and PNW rates $37.50.
Rising ocean freight makes U.S. Gulf grain less competitive in Asia and shifts buying toward Pacific Northwest origins, which can pressure regional basis.
rfdtv.comTony St. James, RFD-TV NEWS STAFFOct 22, 2026Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
