# Today's Pilot: Maritime and Economic round-up from Asia - FreightWaves

> US soybean stocks rose 45% year on year to 11.9 million tonnes as Chinese buyers stayed away, pulling prices down to levels where tariffs no longer deter buyers. CBOT November soybeans rose 1.5% to a six-week high of $8.57 a bushel after the NAFTA replacement deal, and US Gulf soybean freight hit $47 per tonne.

- Date: 2018-10-02 · published 2018-10-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/62730-today-s-pilot-maritime-and-economic-round-up-from-asia-freightwaves
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Record-high US stocks and China's absence weigh on soybean prices, while the freight rise adds cost to exports and the price reset may draw Chinese buyers back.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-06-16 | [Soybeans and Oil Crops - Market Outlook \| Economic Research Service](https://feedsoft.ai/events/18823-soybeans-and-oil-crops-market-outlook-economic-research-service.md) | -0.2% | +7.4% |
| SOY | 2022-02-07 | [Farm Prices for U.S. Major Field Crops Projected To Decline \| Economic Research Service](https://feedsoft.ai/events/14958-farm-prices-for-u-s-major-field-crops-projected-to-decline-economic-research.md) | +1.9% | +7.8% |
| SOY | 2023-02-09 | [Declining Crop Prices, Rising Production and Exports Highlight U.S. Agricultural Projections to 2032 \| Economic Research Service](https://feedsoft.ai/events/13299-declining-crop-prices-rising-production-and-exports-highlight-u-s-agricultural.md) | +0.4% | +0.0% |
| SOY | 2023-05-14 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -8.9% | -4.3% |
| SOY | 2026-10-29 | [High Freight Costs Pressure Record U.S. Grain Movement -](https://feedsoft.ai/events/2023-high-freight-costs-pressure-record-u-s-grain-movement.md) | -1.5% | — |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/todayspilot021018

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