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RFD-TV reports that bulk ocean freight rates rose in early 2026 against the usual first-quarter pattern. Gulf to Japan grain rates reached $67.00/t by April 16 and Pacific Northwest to Japan reached $35.50/t.
Analysts cite fuel costs, vessel supply and China's demand as the drivers ahead.
Continued freight increases raise export costs for US grain and can erode farm-gate values through wider export basis. Rates may stay firm if Asian demand holds.
rfdtv.comTony St. JamesApr 29, 2026Not enough comparable past events yet for a historical read.
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.
