# Market Perspectives – August 31, 2023 - Page 9 of 9 - U.S. Grains & BioProducts Council

> Dry bulk freight rates have risen slightly and are recovering from June-July lows, with Panamax leading the gains. Container rates are under pressure, and the Panama Canal still limits draft and grain vessel waits run 10-12 days.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34464-market-perspectives-august-31-2023-page-9-of-9-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Panamax strength raises the cost of moving grain on the Panamax route, supporting export freight costs.

## Read by commodity

- DDGS: bullish ▲
- BARGE: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-august-31-2023/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-august-31-2023/9/

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