# Grains Outlook Points To Dry Bulk Headwinds | World Ports Organization

> Dry bulk grain shipping is seeing shorter voyage distances as Ukrainian grain has been absent from seaborne markets for over 90 days and Atlantic cargoes stay within the basin. Grain's share of Panamax tonne-miles has fallen to about 23% from roughly 30% a year earlier, and Brazil's corn crop is projected at a record 116 million tonnes with exports doubling.

- Date: 2022-05-27 · published 2022-05-27T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/41301-grains-outlook-points-to-dry-bulk-headwinds-world-ports-organization
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Shorter voyages and fewer grain cargoes weaken freight demand, while expected Brazilian corn exports and new Chinese access add some supply to the market. Corn export prospects from Brazil are a bearish factor for US corn and for freight rates.

## Read by commodity

- CORN: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-30 | [Panama Canal backup forces detours for Asia-bound grain ships \| World Ports Organization](https://feedsoft.ai/events/32463-panama-canal-backup-forces-detours-for-asia-bound-grain-ships-world-ports.md) | -2.0% | -3.6% |
| CORN | 2023-12-22 | [Return to the Black Sea: New grain lane could ease Ukraine’s rift with neighbours \| World Ports Organization](https://feedsoft.ai/events/14340-return-to-the-black-sea-new-grain-lane-could-ease-ukraine-s-rift-with.md) | +2.4% | -1.8% |
| CORN | 2017-02-10 | [Winter Weather Delays Grain Movement to US Ports](https://feedsoft.ai/events/72399-winter-weather-delays-grain-movement-to-us-ports.md) | +0.6% | -1.5% |
| CORN | 2020-04-24 | [Feed industry looking to ingredient substitutions for byproducts \| 2020-04-24  \| World Grain](https://feedsoft.ai/events/53765-feed-industry-looking-to-ingredient-substitutions-for-byproducts-2020-04-24.md) | -1.4% | -1.0% |
| CORN | 2022-01-20 | [Barge Industry Reports Delays Due to Winter Weather \| Feed & Grain](https://feedsoft.ai/events/16734-barge-industry-reports-delays-due-to-winter-weather-feed-and-grain.md) | +1.6% | +6.7% |

## Sources

- worldports.org: https://www.worldports.org/grains-outlook-points-to-dry-bulk-headwinds/

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