# Market Perspectives – March 25, 2021 - Page 9 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council market perspectives report says dry-bulk freight rates were higher for the week but weakened at week's end. Panamax daily hire rates fell to $22,500/day for April from a high of $25,500/day, and the Evergreen ship blocking the Suez Canal was the most discussed topic.

- Date: 2021-03-25 · published 2021-03-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48031-market-perspectives-march-25-2021-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Dry-bulk freight that is retreating from highs lowers the cost of moving grain, which supports export competitiveness for US origin. The inverted forward curve signals expectations that freight will ease further.

## Read by commodity

- DDGS: bearish ▼
- OCEANFRT: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-25-2021/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-25-2021/9/

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