# U.S. Gulf Corn Hits Post-Harvest Highs as PNW Port Gridlock Persists

> Backlog of more than 60 grain ships waiting to load at Pacific Northwest ports, two to three times normal, is expected to persist into April after months of rain and snow slowed loadings. Asian buyers are switching purchases to Gulf Coast terminals, and Gulf corn export prices climbed above $176 per tonne FOB, the highest since mid-September.

- Date: 2017-03-03 · published 2017-03-03T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/71882-u-s-gulf-corn-hits-post-harvest-highs-as-pnw-port-gridlock-persists
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Diverted Asian demand to the Gulf lifts Gulf corn basis and freight costs while longer shipping times add to logistics expense for feed buyers.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -2.4% | -1.2% |
| CORN | 2017-11-03 | [Ukrainian grain exporters incur the highest costs in ports — Latifundist.com](https://feedsoft.ai/events/67885-ukrainian-grain-exporters-incur-the-highest-costs-in-ports-latifundist-com.md) | -5.1% | -4.6% |
| CORN | 2017-02-28 | [WEEKLY GRAIN MOVEMENT: Rail problems in the PNW support Gulf corn bids](https://feedsoft.ai/events/72681-weekly-grain-movement-rail-problems-in-the-pnw-support-gulf-corn-bids.md) | +0.9% | -1.1% |
| CORN | 2022-05-25 | [How can Ukraine export its harvest to the world?](https://feedsoft.ai/events/14487-how-can-ukraine-export-its-harvest-to-the-world.md) | -2.8% | -3.7% |
| CORN | 2020-03-31 | [Ukraine's Mar 21-27 sea port corn shipment halved — Latifundist.com](https://feedsoft.ai/events/53989-ukraine-s-mar-21-27-sea-port-corn-shipment-halved-latifundist-com.md) | -2.6% | -11.2% |

## Sources

- gcaptain.com: https://gcaptain.com/u-s-gulf-corn-hits-post-harvest-highs-pnw-port-gridlock-persists/

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