# Supramax trans-Atlantic grain rates find a floor after multi-year lows - Shipping Herald

> Supramax trans-Atlantic grain rates from Argentina's Recalada to Bejaia fell through the third and fourth quarters of 2022 after drought cut Argentine cargoes. Spot rates have now hit multiyear lows in January, though they are showing signs of finding a floor.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: logistics · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37674-supramax-trans-atlantic-grain-rates-find-a-floor-after-multi-year-lows-shipping
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak drought-driven export volumes from Argentina are keeping ocean freight soft, which lowers shipping costs for buyers of Argentine grain and meal.

## Read by commodity

- CORN: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-14 | [Supramax freight rate for trans-Atlantic corrects amid tonnage oversupply - Shipping Herald](https://feedsoft.ai/events/41747-supramax-freight-rate-for-trans-atlantic-corrects-amid-tonnage-oversupply.md) | +3.1% | +1.9% |
| CORN | 2017-04-13 | [Decreased demand for grain transportation lowers shipping rates \| World-grain.com \| April 13, 2017 14:17 \| World Grain](https://feedsoft.ai/events/71400-decreased-demand-for-grain-transportation-lowers-shipping-rates-world-grain-com.md) | -2.1% | +0.9% |
| CORN | 2025-04-14 | [Freight rates for grain transportation by coasters to Italy have increased on the Danube \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/16952-freight-rates-for-grain-transportation-by-coasters-to-italy-have-increased-on.md) | +1.1% | -5.2% |
| CORN | 2017-05-30 | [WEEKLY GRAIN MOVEMENT: Rising water slows Mississippi River shipping](https://feedsoft.ai/events/70890-weekly-grain-movement-rising-water-slows-mississippi-river-shipping.md) | -0.2% | -3.5% |
| CORN | 2017-11-03 | [Grain trade a boon as Brazil's Itaqui seeks higher shipping volumes](https://feedsoft.ai/events/67882-grain-trade-a-boon-as-brazil-s-itaqui-seeks-higher-shipping-volumes.md) | -5.1% | -4.6% |

## Sources

- shippingherald.com: https://www.shippingherald.com/supramax-trans-atlantic-grain-rates-find-a-floor-after-multi-year-lows/

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