# Grain Shipping Costs Start to Ease

> DTN reports that Panamax grain freight from the US Gulf to northern China more than doubled in 2021 and is now starting to ease. Corn and soybean cash prices are being supported by strong domestic demand, with record crush margins and October crush at the highest since January.

- Date: 2021-11-19 · published 2021-11-19T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/43961-grain-shipping-costs-start-to-ease
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Easing ocean freight reduces export costs, while firm domestic crush demand supports soybean meal and corn prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-03-18 | [U.S. Grain Shipping Costs Soar With War and Drought Swinging Demand](https://feedsoft.ai/events/42459-u-s-grain-shipping-costs-soar-with-war-and-drought-swinging-demand.md) | +1.9% | +0.8% |
| SOY | 2021-04-22 | [Neopanamax Locks Have Expanded Shipping Routes \| Feed & Grain](https://feedsoft.ai/events/47487-neopanamax-locks-have-expanded-shipping-routes-feed-and-grain.md) | +4.0% | +2.7% |
| SOY | 2018-10-10 | [Excessive Rain Disrupts US River Barge Shipping](https://feedsoft.ai/events/62422-excessive-rain-disrupts-us-river-barge-shipping.md) | +2.5% | +1.0% |
| SOY | 2022-03-03 | [Ocean rate spike could steer exports to US \| World Grain](https://feedsoft.ai/events/12925-ocean-rate-spike-could-steer-exports-to-us-world-grain.md) | +0.5% | -0.8% |
| SOY | 2018-10-19 | [Pending strike could hurt grain shipments in Argentina \| 2018-10-19  \| World Grain](https://feedsoft.ai/events/62381-pending-strike-could-hurt-grain-shipments-in-argentina-2018-10-19-world-grain.md) | -2.5% | +2.9% |
| CORN | 2022-03-18 | [U.S. Grain Shipping Costs Soar With War and Drought Swinging Demand](https://feedsoft.ai/events/42459-u-s-grain-shipping-costs-soar-with-war-and-drought-swinging-demand.md) | +0.0% | +6.2% |
| CORN | 2022-05-05 | [Logistic costs increasing for Ukraine's grain trade](https://feedsoft.ai/events/41304-logistic-costs-increasing-for-ukraine-s-grain-trade.md) | +6.2% | +0.4% |
| CORN | 2017-04-29 | [Grain Shipping Starts on The Brownsville Rio Grande International Railway - OmniTRAX](https://feedsoft.ai/events/71510-grain-shipping-starts-on-the-brownsville-rio-grande-international-railway.md) | +1.1% | +4.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/11/19/grain-shipping-costs-start-ease

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