# Ocean freight rates for US grain drop in third quarter | World Grain

> Ocean freight rates for shipping US bulk grain from the Gulf and Pacific Northwest fell in the third quarter versus both the prior quarter and a year earlier, according to the USDA's Oct. 26 Grain Transportation Report. Rates to Japan dropped while Gulf-to-Europe rates were up against the four-year average.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/33513-ocean-freight-rates-for-us-grain-drop-in-third-quarter-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower freight costs improve the export margin for US grain and lower delivered costs for buyers, which is mildly bearish for export-linked grain prices. The decline is not certain to persist, as rates have been volatile.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- world-grain.com: https://www.world-grain.com/articles/19206-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.