# Market Perspectives October 19, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council

> Dry-bulk ocean freight rallied again this week on record Chinese soybean imports, large Chinese iron ore imports, record Russian wheat exports from the Black Sea and good new-crop US grain exports. The consultant expects vessel rates to correct downward after harvest, into early 2018.

- Date: 2017-10-19 · published 2017-10-19T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/68360-market-perspectives-october-19-2017-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Firm freight raises landed costs for grain and oilseed buyers in Asia and favors shippers covering near-term needs. The expected correction after harvest suggests buyers may find cheaper freight in the first quarter of 2018.

## Read by commodity

- SOY: neutral
- DDGS: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-10-17 | [Market Perspectives - October 17, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16993-market-perspectives-october-17-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | +1.8% | +2.5% |
| SOY | 2022-07-21 | [Market Perspectives – July 21, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/40678-market-perspectives-july-21-2022-page-9-of-10-u-s-grains-and-bioproducts-council.md) | +9.0% | +1.8% |
| SOY | 2024-04-25 | [Market Perspectives - April 25, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/30623-market-perspectives-april-25-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | -0.9% | +6.9% |
| SOY | 2024-11-21 | [Market Perspectives - November 21, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16984-market-perspectives-november-21-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.2% | -2.8% |
| SOY | 2020-05-07 | [Grains Go With The Flow: U.S. Inland Waterway System Operating Normally During COVID-19 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/53012-grains-go-with-the-flow-u-s-inland-waterway-system-operating-normally-during.md) | +0.7% | +4.5% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-october-19-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-october-19-2017/9/

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