# Market Perspectives – April 1, 2021 - Page 9 of 10 - U.S. Grains & BioProducts Council

> A U.S. Grains Council weekly market report describes dry-bulk freight moves, with Capesize values rising and Panamax rates flat to slightly lower. Panamax April rates were around $21,000 per day. Container ships were also waiting at Los Angeles and Long Beach.

- Date: 2021-04-01 · published 2021-04-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47486-market-perspectives-april-1-2021-page-9-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher dry-bulk freight and port delays raise the cost of exporting US grain, which can widen basis and export spreads.

## Read by commodity

- SBM: bullish ▲
- CORN: neutral
- DDGS: bearish ▼
- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-april-1-2021/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-april-1-2021/9/

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