# Market Perspectives – February 24, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly ocean freight commentary says dry-bulk rates rose on war risk, with insurance for vessels in the region reported at $200,000-300,000. Wheat, corn, barley and sunflower shipments from the Black Sea are expected to be switched to other origins, adding tonne-miles.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42611-market-perspectives-february-24-2022-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rerouting and war-risk premiums raise delivered costs for grains and oilseed meals, supporting import-dependent feed prices and adding volatility.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲
- BARGE: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-03-26 | [Market Perspectives – March 26, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/54041-market-perspectives-march-26-2020-page-9-of-10-u-s-grains-and-bioproducts.md) | +1.9% | +2.0% |
| WHEAT | 2024-12-12 | [Market Perspectives - December 12, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16978-market-perspectives-december-12-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.5% | -0.7% |
| WHEAT | 2022-01-20 | [DDGS Weekly Market Report – January 20, 2022 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7371-ddgs-weekly-market-report-january-20-2022-u-s-grains-and-bioproducts-council.md) | +0.8% | -2.1% |
| WHEAT | 2020-09-15 | [Grain shippers brace for tight rail market - FreightWaves](https://feedsoft.ai/events/51304-grain-shippers-brace-for-tight-rail-market-freightwaves.md) | -0.8% | +7.8% |
| WHEAT | 2024-10-23 | [Resuming attacks on Ukrainian grain exports threatens 1% of dry bulk market: BIMCO \| S&P Global](https://feedsoft.ai/events/14263-resuming-attacks-on-ukrainian-grain-exports-threatens-1-of-dry-bulk-market.md) | +0.3% | -1.4% |
| CORN | 2024-03-14 | [Market Perspectives - March 14, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/31093-market-perspectives-march-14-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | +1.8% | -5.4% |
| CORN | 2023-06-22 | [Market Perspectives – June 22, 2023 - Page 9 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/35383-market-perspectives-june-22-2023-page-9-of-9-u-s-grains-and-bioproducts-council.md) | -8.7% | -14.9% |
| CORN | 2020-12-03 | [Market Perspectives – December 3, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/49550-market-perspectives-december-3-2020-page-9-of-10-u-s-grains-and-bioproducts.md) | +0.0% | +3.9% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-february-24-2022/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-february-24-2022/9/

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