# Market Perspectives – October 10, 2019 - Page 9 of 10 - U.S. Grains & BioProducts Council

> Physical dry-bulk ocean freight rates were flat to slightly lower last week and then recovered by about $0.25 per metric ton this week. Analysts say the market appears to have bottomed out while traders assess the outlook. Low-sulfur fuel is becoming more available ahead of IMO 2020.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56481-market-perspectives-october-10-2019-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Flat dry-bulk rates keep ocean freight costs for grain and oilseed exports steady, with only small near-term price implications.

## Read by commodity

- OCEANFRT: neutral

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-october-10-2019/9/

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