# Wheat Rally Extends on Higher Freight Costs - Supply Chain Council of European Union | Scceu.org

> CBOT wheat for September delivery rose 1.3% to $5.28-1/2 a bushel as rising ocean freight rates made US wheat more competitive from West Coast ports. Corn for December fell 0.2% and soybeans for November fell 1%, while Pro Farmer put Illinois corn yield at 189.4 bu/acre, below USDA's 207.

- Date: 2020-08-20 · published 2020-08-20T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/51502-wheat-rally-extends-on-higher-freight-costs-supply-chain-council-of-european
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher ocean freight improves the export netback for US wheat and could draw Chinese interest, supporting wheat prices, while the below-USDA Illinois corn yield is bearish for corn.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-12-05 | [Freight fright for farm inputs - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/43481-freight-fright-for-farm-inputs-supply-chain-council-of-european-union-scceu-org.md) | -0.7% | -3.5% |
| WHEAT | 2020-01-28 | [Ongoing strikes keep slow French grain export - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/55087-ongoing-strikes-keep-slow-french-grain-export-supply-chain-council-of-european.md) | -0.5% | +2.7% |
| WHEAT | 2020-01-12 | [French grain sector fears export squeeze as strikes hit logistics - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/55084-french-grain-sector-fears-export-squeeze-as-strikes-hit-logistics-supply-chain.md) | +0.7% | -4.2% |
| WHEAT | 2022-04-10 | [Grains shipments from Black Sea ports slowly gain traction: sources - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/14493-grains-shipments-from-black-sea-ports-slowly-gain-traction-sources-supply-chain.md) | -2.4% | +3.1% |
| WHEAT | 2021-12-29 | [Azov and Black Sea Basin Throughput in November 2021: Foodstuffs Up - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/14523-azov-and-black-sea-basin-throughput-in-november-2021-foodstuffs-up-supply-chain.md) | -0.4% | +9.8% |
| CORN | 2022-08-21 | [Black Sea dry bulk trade resumes as spot grains, fertilizer cargoes enter market - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/39922-black-sea-dry-bulk-trade-resumes-as-spot-grains-fertilizer-cargoes-enter-market.md) | -0.4% | -0.5% |
| CORN | 2026-01-29 | [Low Water on U.S. Rivers Disrupts Grain Exports, Raising Costs for Ag Supply Chains - Agrolatam](https://feedsoft.ai/events/16395-low-water-on-u-s-rivers-disrupts-grain-exports-raising-costs-for-ag-supply.md) | -0.3% | -0.1% |
| CORN | 2026-10-22 | [Rising Ocean Freight Raises Costs for U.S. Grain - RFD-TV](https://feedsoft.ai/events/17245-rising-ocean-freight-raises-costs-for-u-s-grain-rfd-tv.md) | -1.2% | — |

## Sources

- scceu.org: https://scceu.org/wheat-rally-extends-on-higher-freight-costs/

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