# Weekly highlights - What the Red Sea shipping disruptions mean for grain prices - Graintab

> Graintab notes that Red Sea disruptions are affecting grain markets, with roughly 7 million tonnes of grain normally transiting Suez each month now being rerouted. Extra shipping costs are being absorbed by both buyers and exporters. Shifts toward local and regional sourcing, such as EU imports from Ukraine, are adding price pressure.

- Date: 2024-02-02 · published 2024-02-02T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31561-weekly-highlights-what-the-red-sea-shipping-disruptions-mean-for-grain-prices
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Rerouted grain flows and higher freight costs tighten effective supply to some importers and raise delivered prices, while Europe's rapeseed imports from Australia may be hampered.

## Read by commodity

- WHEAT: bullish ▲
- CANMEAL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-01-25 | [Red Sea attacks disrupt grain shipping \| World Grain](https://feedsoft.ai/events/14333-red-sea-attacks-disrupt-grain-shipping-world-grain.md) | -0.4% | -5.2% |
| WHEAT | 2024-01-17 | [Impacts of Red Sea shipping disruptions on global food security \| IFPRI](https://feedsoft.ai/events/14334-impacts-of-red-sea-shipping-disruptions-on-global-food-security-ifpri.md) | -0.4% | -5.3% |
| WHEAT | 2026-09-08 | [Black Sea shipping disruption pushes Turkish feed prices back to May levels \| Feed Planet Magazine](https://feedsoft.ai/events/17590-black-sea-shipping-disruption-pushes-turkish-feed-prices-back-to-may-levels.md) | -0.6% | -1.2% |
| WHEAT | 2026-09-30 | [Black Sea disruption shifts grain trade focus from price to reliable delivery \| Miller Magazine](https://feedsoft.ai/events/17676-black-sea-disruption-shifts-grain-trade-focus-from-price-to-reliable-delivery.md) | -2.5% | +1.3% |
| WHEAT | 2026-10-16 | [Black Sea Disruptions: Why Large Crops Aren't Reaching Grain and Oilseed Buyers](https://feedsoft.ai/events/14080-black-sea-disruptions-why-large-crops-aren-t-reaching-grain-and-oilseed-buyers.md) | +1.0% | — |

## Sources

- graintab.com: https://www.graintab.com/weekly-highlights-what-the-red-sea-shipping-disruptions-mean-for-grain-prices/

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