# Ocean, Barge Rates Affected By Ukraine Invasion - The Waterways Journal

> Ocean and barge freight rates have risen after Russia's invasion of Ukraine halted most Black Sea vessel traffic over two weeks. USDA data show US Gulf to Japan grain freight at $79 per mt as of March 10, up 12% year to date and 70% above the four-year average.

- Date: 2022-03-25 · published 2022-03-25T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/42186-ocean-barge-rates-affected-by-ukraine-invasion-the-waterways-journal
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher freight widens the basis gap between US and South American or Black Sea grain, raising delivered feed grain costs for Asian and European buyers while supporting US export demand for corn and soybeans.

## Read by commodity

- CORN: neutral
- BARGE: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-06-07 | [Rising Tide Of Oil And Gas Is Moving Barge Rates Back Up - The Waterways Journal](https://feedsoft.ai/events/64691-rising-tide-of-oil-and-gas-is-moving-barge-rates-back-up-the-waterways-journal.md) | -1.2% | -6.3% |
| CORN | 2024-07-03 | [Barge Fleet Cargo Is Diverse - The Waterways Journal](https://feedsoft.ai/events/16523-barge-fleet-cargo-is-diverse-the-waterways-journal.md) | +0.7% | -0.8% |
| CORN | 2020-04-20 | [ARTCO Plans New Barge Fleeting Area - The Waterways Journal](https://feedsoft.ai/events/53515-artco-plans-new-barge-fleeting-area-the-waterways-journal.md) | -2.0% | -2.2% |
| CORN | 2019-09-27 | [Upper Mississippi River On The Rise Again - The Waterways Journal](https://feedsoft.ai/events/56949-upper-mississippi-river-on-the-rise-again-the-waterways-journal.md) | -0.5% | +0.9% |
| CORN | 2026-10-23 | [Mississippi River Grain Freight Rates Fall - The Waterways Journal](https://feedsoft.ai/events/16331-mississippi-river-grain-freight-rates-fall-the-waterways-journal.md) | -0.6% | — |

## Sources

- waterwaysjournal.net: https://www.waterwaysjournal.net/2022/03/25/ocean-barge-rates-affected-by-ukraine-invasion/

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