# Market Perspectives June 29, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council

> Baltic freight indices rallied for about two weeks but are now losing support, with more freight offers emerging from the Black Sea, South America and the US Gulf. Physical Gulf-to-Asia and PNW-to-Asia grain rates are roughly flat versus May 18 even though the Panamax index has risen from 894 to 1,119.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/70388-market-perspectives-june-29-2017-page-9-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Physical grain freight tends to follow the Baltic indices with a lag, and new offers from several origins point to softer ocean freight costs ahead, which trims the landed cost gap for exporters.

## Read by commodity

- CORN: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-23 | [Market Perspectives – July 23, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/52018-market-perspectives-july-23-2020-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -1.9% | +1.6% |
| CORN | 2017-08-31 | [Market Perspectives August 31, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/69349-market-perspectives-august-31-2017-page-9-of-10-u-s-grains-and-bioproducts.md) | +3.9% | +4.5% |
| CORN | 2016-11-17 | [Market Perspectives November 17, 2016 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/73778-market-perspectives-november-17-2016-page-9-of-10-u-s-grains-and-bioproducts.md) | +3.0% | +4.6% |
| CORN | 2018-08-30 | [Market Perspectives - August 30, 2018 - Page 9 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/63426-market-perspectives-august-30-2018-page-9-of-11-u-s-grains-and-bioproducts.md) | +2.0% | +4.0% |
| CORN | 2020-08-27 | [Market Perspectives – August 27, 2020 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/51503-market-perspectives-august-27-2020-page-7-of-10-u-s-grains-and-bioproducts.md) | +1.6% | +7.0% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-29-2017/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-29-2017/9/

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