# Grain Transportation Report, January 18, 2024

> The USDA Grain Transportation Report for January 18, 2024 says Red Sea attacks have pushed most container ships around the southern tip of Africa, adding transit time and tightening container space. Drewry's World Container Index shows global container rates up 102% since mid-December. Hazardous winter weather is also disrupting U.S. railroads.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32299-grain-transportation-report-january-18-2024
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher container freight and rail disruption raise the cost and reduce the reliability of moving grain and meal to export buyers, which can widen export basis and shift trade flows.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- doi.org: https://doi.org/10.9752/ts056.01-18-2024

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