# Market Perspectives April 13, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly commentary reports that Capesize markets eased slightly while Panamax rates rallied, with US Gulf to Asia rates near $40/MT after climbing from $22.50 over 13 months. The forward curve for dry-bulk sectors remains inverted, suggesting traders expect lower rates in Q3 and Q4 2017.

- Date: 2017-04-13 · published 2017-04-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71404-market-perspectives-april-13-2017-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firm Panamax rates raise ocean freight costs for US Gulf grain exports to Asia, but an inverted forward curve implies the premium is expected to fade later in the year.

## Read by commodity

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

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-april-13-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-april-13-2017/9/

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