# Frightful freight math 2021:  Changing grain trading terms | Miller Magazine

> Coaster freight rates for Black Sea wheat and corn shipments stayed at historic highs after climbing from June 2021, even as larger handysize and Panamax rates fell in November and December. Sellers increasingly offered FOB-only terms, and buyers moved to spot trading and began checking whether sellers had vessels in hand.

- Date: 2022-01-10 · published 2022-01-10T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/43054-frightful-freight-math-2021-changing-grain-trading-terms-miller-magazine
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Elevated short-sea freight from Ukrainian and Russian ports raises the delivered cost of Black Sea grain into Turkey, the Mediterranean and Egypt, which supports regional wheat and corn price levels.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- millermagazine.com: https://millermagazine.com/en/blog/frightful-freight-math-2021-changing-grain-trading-terms-4305

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