# BIMCO: Agriculture Exports Make "Stunning Comeback"

> BIMCO reports that Q2 2020 agricultural dry-bulk exports rebounded strongly from a weak first quarter, with combined US, Argentine and Brazilian volumes reaching 148.6 million tonnes in the first half of 2020. Panamax and Handymax freight rates rose from about $5,000 per day to $10,000-13,000 per day by August 26, driven largely by South American soybean exports to Asia.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51310-bimco-agriculture-exports-make-stunning-comeback
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher grain freight rates increase delivered costs for feed ingredients moving by sea and shift trade flows toward nearby origins. The rebound in South American soybean shipments also signals heavy competition for Asian demand.

## Read by commodity

- SOY: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-27 | [UMR Serves As Agriculture Export Backbone - The Waterways Journal](https://feedsoft.ai/events/24389-umr-serves-as-agriculture-export-backbone-the-waterways-journal.md) | +3.3% | -2.3% |
| SOY | 2024-07-12 | [Pacific Northwest sees increased exports due to Panama Canal drought - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/17015-pacific-northwest-sees-increased-exports-due-to-panama-canal-drought-agweek-1.md) | -3.9% | -11.6% |
| SOY | 2017-01-24 | [Agricultural export surge drives Rumo growth - International Railway Journal](https://feedsoft.ai/events/73027-agricultural-export-surge-drives-rumo-growth-international-railway-journal.md) | -3.3% | -3.0% |
| SOY | 2017-08-24 | [St. Louis Region’S Agriculture Freight Network Poised](https://feedsoft.ai/events/69628-st-louis-region-s-agriculture-freight-network-poised.md) | -1.3% | +3.8% |
| SOY | 2021-02-26 | [Study shows use of Panama Canal may reduce freight costs on 'Northern Arc' exports by 35% - DatamarNews](https://feedsoft.ai/events/48523-study-shows-use-of-panama-canal-may-reduce-freight-costs-on-northern-arc.md) | +0.7% | +0.6% |

## Sources

- maritimeprofessional.com: https://www.maritimeprofessional.com/news/bimco-agriculture-exports-make-stunning-361311

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