# Market Perspectives – April 16, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly market perspectives note dry-bulk markets are stuck with no sustained rally, with Q1 Panamax rates near $7,250-7,300/day and Q3 near $9,150-9,250/day. U.S. and most foreign grain ports remain open, but Mississippi Southwest Pass has draft restrictions and Panama Canal transits are slowed by low water.

- Date: 2020-04-16 · published 2020-04-16T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/53531-market-perspectives-april-16-2020-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Draft limits on the Mississippi and Panama Canal delays raise export freight costs, which can widen FOB spreads for U.S. grain and soy.

## Read by commodity

- BARGE: neutral
- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-april-16-2020/9/

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