# Lower prices, more space drive US soy shippers to East Coast | Journal of Commerce

> US soybean exporters are shifting shipments toward East Coast ports, drawn by aggressive carrier pricing, abundant vessel capacity and cheaper rail rates to the East Coast. The article notes exports and imports are increasingly routed through East Coast gateways.

- Date: 2018-02-05 · published 2018-02-05T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/66681-lower-prices-more-space-drive-us-soy-shippers-to-east-coast-journal-of-commerce
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower East Coast freight and rail costs can shift US soybean export competitiveness and basis patterns, marginally affecting soybean and meal export pricing.

## Read by commodity

- SOY: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-03 | [Coast Guard closes portion of Upper Mississippi River to all vessel traffic – Illinois Business Journal](https://feedsoft.ai/events/71173-coast-guard-closes-portion-of-upper-mississippi-river-to-all-vessel-traffic.md) | +0.8% | -4.4% |
| SOY | 2021-12-02 | [Farmers Offer $1 Million To Help Move Lock And Dam 25 Project Forward - The Waterways Journal](https://feedsoft.ai/events/16742-farmers-offer-1-million-to-help-move-lock-and-dam-25-project-forward-the.md) | +2.7% | +8.1% |
| SOY | 2017-12-11 | [Pere Marquette Last Vessel Out Of St. Paul - The Waterways Journal](https://feedsoft.ai/events/67373-pere-marquette-last-vessel-out-of-st-paul-the-waterways-journal.md) | -2.3% | -3.4% |
| SOY | 2022-07-26 | [Controlling Draft On Lower Mississippi Increased To 50 Feet Through New Orleans - The Waterways Journal](https://feedsoft.ai/events/16696-controlling-draft-on-lower-mississippi-increased-to-50-feet-through-new-orleans.md) | +8.2% | +3.7% |
| SOY | 2021-09-09 | [U.S. Gulf Coast grain exports slowly resume after Ida as more power restored \| Reuters](https://feedsoft.ai/events/44973-u-s-gulf-coast-grain-exports-slowly-resume-after-ida-as-more-power-restored.md) | +1.9% | -2.3% |

## Sources

- joc.com: https://www.joc.com/article/lower-prices-more-space-drive-us-soy-shippers-to-east-coast-5226627

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