# Market Perspectives – June 30, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly market perspectives report says dry-bulk freight markets slid for most of the week before bouncing at the end. Q3 Panamax daily hire rates were $22,250/day versus $22,575 the prior week. Container rates from Asia to the US West Coast fell to $7,800 per TEU, and the ILWU West Coast labor contract was set to expire without a deal.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40844-market-perspectives-june-30-2022-page-9-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Softer dry-bulk freight lowers grain transport costs at the margin, while the unresolved ILWU contract adds a strike risk for West Coast export logistics. Net effect on feed ingredient prices is modest.

## Read by commodity

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

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-30-2022/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-30-2022/9/

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