# Market Perspectives – March 26, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council

> Dry bulk freight markets are at depressed levels, with Capesize rates near record lows. Reports cite port disruptions at some Argentine ports, Russia reportedly holding back phytosanitary certificates, and some Black Sea countries considering holding back wheat supplies.

- Date: 2020-03-26 · published 2020-03-26T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/54041-market-perspectives-march-26-2020-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Weak freight and port disruptions in South America and the Black Sea can slow grain movements, while possible wheat hoarding in the Black Sea would tighten export availability and support wheat prices.

## Read by commodity

- CORN: neutral
- DDGS: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-02-24 | [Market Perspectives – February 24, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/42611-market-perspectives-february-24-2022-page-9-of-10-u-s-grains-and-bioproducts.md) | +6.8% | +25.3% |
| WHEAT | 2024-12-12 | [Market Perspectives - December 12, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16978-market-perspectives-december-12-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.5% | -0.7% |
| WHEAT | 2022-01-20 | [DDGS Weekly Market Report – January 20, 2022 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7371-ddgs-weekly-market-report-january-20-2022-u-s-grains-and-bioproducts-council.md) | +0.8% | -2.1% |
| WHEAT | 2020-09-15 | [Grain shippers brace for tight rail market - FreightWaves](https://feedsoft.ai/events/51304-grain-shippers-brace-for-tight-rail-market-freightwaves.md) | -0.8% | +7.8% |
| WHEAT | 2024-10-23 | [Resuming attacks on Ukrainian grain exports threatens 1% of dry bulk market: BIMCO \| S&P Global](https://feedsoft.ai/events/14263-resuming-attacks-on-ukrainian-grain-exports-threatens-1-of-dry-bulk-market.md) | +0.3% | -1.4% |
| CORN | 2017-03-02 | [Market Perspectives March 2, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71885-market-perspectives-march-2-2017-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -2.8% | -3.1% |
| CORN | 2022-07-21 | [Market Perspectives – July 21, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/40678-market-perspectives-july-21-2022-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -5.2% | -0.3% |
| CORN | 2024-04-25 | [Market Perspectives - April 25, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/30623-market-perspectives-april-25-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | +0.7% | +4.5% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-26-2020/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-26-2020/9/

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