# A Deep Dive Into Ocean Freight Market Factors

> A U.S. Wheat Associates-commissioned analysis by Jay O'Neil describes the recent run-up in ocean freight rates that is squeezing grain importers. Dry bulk rates remain very high after a 13-year peak, with a shipbroker expecting stabilization in November and December before a seasonally soft first quarter of 2022.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/44240-a-deep-dive-into-ocean-freight-market-factors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher ocean freight raises landed costs for grain and oilseed importers, supporting delivered prices for feed ingredients and widening origin-to-destination spreads. Expected stabilization suggests freight pressure may ease into early 2022.

## Read by commodity

- WHEAT: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-03-23 | [Hot sea-freight market boosts Australian export opportunities - Grain Central](https://feedsoft.ai/events/48320-hot-sea-freight-market-boosts-australian-export-opportunities-grain-central.md) | -0.9% | -0.8% |
| WHEAT | 2022-03-10 | [Inside a frantic race to get Ukrainian corn and wheat to world markets  - The Globe and Mail](https://feedsoft.ai/events/14506-inside-a-frantic-race-to-get-ukrainian-corn-and-wheat-to-world-markets-the.md) | -3.3% | +4.6% |
| WHEAT | 2024-09-30 | [Bulk carriers freight rates from Ukrainian ports have increased \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/28514-bulk-carriers-freight-rates-from-ukrainian-ports-have-increased-ukrainian-and.md) | +0.6% | -6.3% |
| WHEAT | 2021-06-28 | [Farmers caught in middle of Port Botany wharf dispute - again \| NSW](https://feedsoft.ai/events/46600-farmers-caught-in-middle-of-port-botany-wharf-dispute-again-nsw.md) | -0.2% | -3.7% |
| WHEAT | 2024-12-20 | [Analysts: Shipowners refuse to reduce freight rates ahead of holidays \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/27154-analysts-shipowners-refuse-to-reduce-freight-rates-ahead-of-holidays-ukrainian.md) | +2.2% | -0.2% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/a-deep-dive-into-ocean-freight-market-factors/

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