# Market Perspectives – September 17, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council

> Dry-bulk freight tried to rally early in the week of September 17 but retreated by the close, with the paper market better supported than physical. October Panamax rates fell $400 to $12,400/day. The US Gulf grain vessel lineup reached an eight-year high of 68 boats scheduled, and Chinese buyers have requested delays to some sorghum shipments.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51022-market-perspectives-september-17-2020-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A large Gulf vessel lineup during harvest tends to pressure ocean freight, while Chinese sorghum delays could reduce near-term US sorghum export demand.

## Read by commodity

- DDGS: bullish ▲
- SORGHUM: bearish ▼
- OCEANFRT: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-september-17-2020/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-17-2020/9/

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