# Ocean Freight Rates Fell Amid Low Trading Activity – AgFax - Supply Chain Council of European Union | Scceu.org

> Ocean freight rates for shipping bulk grain fell for three consecutive weeks through late January 2022. The U.S. Gulf to Japan rate was $62.50 per mt, 11% below early January, reflecting a seasonal dip in vessel demand around holidays. USDA also announced a pop-up container yard at the Port of Oakland to ease agricultural export logistics.

- Date: 2022-02-12 · published 2022-02-12T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/42908-ocean-freight-rates-fell-amid-low-trading-activity-agfax-supply-chain-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer grain freight rates lower export costs for U.S. origin feed ingredients, a modest bearish signal for shipping costs, though the seasonal dip is expected to be temporary.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- scceu.org: https://scceu.org/ocean-freight-rates-fell-amid-low-trading-activity-agfax/

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