# Ocean freight rates for US grain drop in third quarter

> A USDA report shows ocean freight rates for US grain fell in the third quarter versus the prior quarter and prior year, with Gulf-to-Japan averaging $50.76/tonne. Rates on Gulf-to-Europe routes rose compared with the four-year average.

- Date: 2023-11-08 · published 2023-11-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/33065-ocean-freight-rates-for-us-grain-drop-in-third-quarter
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower freight costs improve the delivered competitiveness of US grain exports, though volatility from weather and the Black Sea situation keeps rates uncertain.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/ocean-freight-rates-for-us-grain-drop-in-third-quarter

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