# Market Perspectives – December 3, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council

> Global freight markets have changed little over the past two weeks, with Capesize and Panamax vessels failing to hold a small rally. Panamax FFA contracts traded lower, with December near $10,400 and Q1 2021 just under $8,000. Container logistics remain problematic, and shippers expect further rate increases of $200-400 per container.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/49550-market-perspectives-december-3-2020-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Flat dry bulk freight keeps grain shipping costs steady, but expected container rate increases will raise the cost of exporting containerized feed ingredients. Thin holiday trading suggests limited near-term price moves.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-12-12 | [Market Perspectives - December 12, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16978-market-perspectives-december-12-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.0% | +5.6% |
| CORN | 2024-03-14 | [Market Perspectives - March 14, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/31093-market-perspectives-march-14-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | +1.8% | -5.4% |
| CORN | 2022-02-24 | [Market Perspectives – February 24, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/42611-market-perspectives-february-24-2022-page-9-of-10-u-s-grains-and-bioproducts.md) | +6.5% | +12.3% |
| CORN | 2023-06-22 | [Market Perspectives – June 22, 2023 - Page 9 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/35383-market-perspectives-june-22-2023-page-9-of-9-u-s-grains-and-bioproducts-council.md) | -8.7% | -14.9% |
| CORN | 2018-08-09 | [Market Perspectives - August 9, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8650-market-perspectives-august-9-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | -8.4% | -9.8% |
| SBM | 2016-11-17 | [Market Perspectives November 17, 2016 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/73778-market-perspectives-november-17-2016-page-9-of-10-u-s-grains-and-bioproducts.md) | +2.6% | +1.8% |
| SBM | 2017-03-02 | [Market Perspectives March 2, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71885-market-perspectives-march-2-2017-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -2.6% | -5.8% |
| SBM | 2024-06-03 | [UP: Grain Products](https://feedsoft.ai/events/29902-up-grain-products.md) | -1.8% | -2.0% |

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-december-3-2020/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-3-2020/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-3-2020/9/

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