# Market Perspectives – November 16, 2023 - Page 9 of 9 - U.S. Grains & BioProducts Council

> The U.S. Grains Council market perspectives note dry bulk markets rose as Capesize activity revived and grain demand improved from the US Gulf and Pacific. Panamax time charter rates from the US Gulf to Asia reached $423,500 per day, and Panama Canal waits for grain vessels were 6-7 days.

- Date: 2023-11-16 · published 2023-11-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33064-market-perspectives-november-16-2023-page-9-of-9-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firmer Panamax rates raise the cost of moving US grain to Asia, supporting ocean freight and weighing on US export margins.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-november-16-2023/9/

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