# Market Perspectives – March 30, 2023 - Page 9 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly market perspectives for March 30, 2023 report dry bulk ocean freight markets were quiet and moved mostly sideways. Panamax FFA for Q2 traded at $15,700 per day and Q3 at $17,150 per day, with the market awaiting signs of Chinese demand.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36754-market-perspectives-march-30-2023-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Flat freight rates and unchanged Panamax forward prices suggest no strong near-term change in US grain export shipping costs, though a pickup in Chinese demand could firm them.

## Read by commodity

- SBM: bullish ▲
- DDGS: bearish ▼
- OCEANFRT: neutral

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-30-2023/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-30-2023/9/

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