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USDA's Grain Transportation Report shows corn and soybean shipping costs from Minneapolis to Japan rose quarter over quarter in Q1 2026 on both the Gulf and Pacific Northwest routes. The Gulf increase partly reflects switching to rail data during the winter river closure.
Year over year, Gulf transport costs rose 7% for corn and 4% for soybeans.
Higher freight raises landed costs for Asian buyers and trims the farm-gate value US exporters can pass back, which weighs on US export competitiveness. The effect is most visible in basis and export spreads rather than futures.
feedandgrain.comFeed, Grain StaffJun 18, 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.
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.
