# Shipping Costs are Surging Globally - TT

> Dry-bulk shipping costs have surged since July 2017, lifting the Baltic Exchange's main freight gauge to a near four-year high. Capesize rates have more than tripled, driven by Chinese coal and iron ore demand, and the spillover is lifting Panamax, Supramax and Handysize rates used for grain.

- Date: 2017-12-11 · published 2017-12-11T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67660-shipping-costs-are-surging-globally-tt
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher freight costs erode the margin on grain and meal exports, pushing up delivered prices for feed buyers in importing regions. Order books near historic lows suggest freight strength may persist.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-10-18 | [Global Grain Freight Costs Surge as Shipping Disruptions Threaten U.S. Export Competitiveness](https://feedsoft.ai/events/16761-global-grain-freight-costs-surge-as-shipping-disruptions-threaten-u-s-export.md) | -1.7% | — |
| CORN | 2026-06-18 | [Grain shipping routes see costs increase \| Feed & Grain](https://feedsoft.ai/events/19021-grain-shipping-routes-see-costs-increase-feed-and-grain.md) | -0.9% | -1.0% |
| CORN | 2024-01-05 | [US Gulf shipping costs climb for corn, soy \| World Grain](https://feedsoft.ai/events/16574-us-gulf-shipping-costs-climb-for-corn-soy-world-grain.md) | -1.5% | -2.4% |
| CORN | 2026-10-15 | [Grain Shipping Rates Surge 34% Year-Over-Year \| Feed & Grain](https://feedsoft.ai/events/16757-grain-shipping-rates-surge-34-year-over-year-feed-and-grain.md) | -1.3% | — |
| CORN | 2026-06-01 | [Low Mississippi River Water Levels Raise Shipping Costs for Farmers](https://feedsoft.ai/events/16363-low-mississippi-river-water-levels-raise-shipping-costs-for-farmers.md) | -5.0% | -5.7% |
| WHEAT | 2026-10-18 | [Global Grain Freight Costs Surge as Shipping Disruptions Threaten U.S. Export Competitiveness](https://feedsoft.ai/events/16761-global-grain-freight-costs-surge-as-shipping-disruptions-threaten-u-s-export.md) | +1.0% | — |
| WHEAT | 2020-05-14 | [Grain shipping. It’s a good news-bad news story - Manitoba Co-operator](https://feedsoft.ai/events/53143-grain-shipping-it-s-a-good-news-bad-news-story-manitoba-co-operator.md) | +0.4% | +1.0% |
| WHEAT | 2023-12-19 | [Border rail closures due to migrant surge snarl grain shipping \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/32728-border-rail-closures-due-to-migrant-surge-snarl-grain-shipping-agri-pulse.md) | +0.4% | +1.7% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/shipping-costs-are-surging-globally

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