# Market Perspectives – November 18, 2021 - Page 9 of 10 - U.S. Grains & BioProducts Council

> A U.S. Grains Council market perspectives note by Jay O'Neil describes dry bulk markets swinging from 13-year highs in late October to 5-month lows within ten days. It attributes the volatility to Chinese demand for bulk commodities, which China is curbing by cutting purchases to control high prices.

- Date: 2021-11-18 · published 2021-11-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44242-market-perspectives-november-18-2021-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Freight rates are tied closely to Chinese bulk demand, so a pullback in Chinese buying lowers ocean freight costs for grain exporters and importers. Uncertainty about whether China will return to the market keeps the outlook volatile.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-november-18-2021/9/

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