# Market Perspectives November 9, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council

> A U.S. Grains Council market perspectives update says dry-bulk markets are trading in a narrow range with rates mostly unchanged. U.S. Gulf and PNW grain vessel lineups are diminishing and South American east-coast demand is not robust, while Black Sea small-coaster rates have spiked to over $40 per MT due to a shortage of small vessels.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67881-market-perspectives-november-9-2017-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Stable Gulf and PNW freight with thin South American demand points to little freight-driven pressure on US grain export basis, while the Black Sea coaster squeeze raises costs for regional grain movements.

## Read by commodity

- SBM: neutral
- CORN: bullish ▲
- DDGS: bullish ▲
- BARGE: bullish ▲
- OCEANFRT: neutral

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-november-9-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-november-9-2017/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-november-9-2017/9/

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