# New grain seasonality signals higher rates in the short-term while risk remains in the fourth quarter

> Grain freight rates started trending up in early August, with Panamax US-to-China rates rising about 20% in a month to USD45/t by the end of August. The rise was driven by tonnage tightness in the North Atlantic and stronger chartering activity. S&P Global warns of downside risk in late Q4 because many of the supports are seasonal and short-term.

- Date: 2020-09-07 · published 2020-09-07T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/51021-new-grain-seasonality-signals-higher-rates-in-the-short-term-while-risk-remains
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher grain freight raises delivered costs for importers of US and Brazilian feed grains, and the seasonal nature of the strength points to possible easing later in the year.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/marketintelligence/en/mi/research-analysis/new-grain-seasonality-signals-higher-rates-in-the-short-term.html

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