# Market Perspectives March 2, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly report noted another up week in ocean freight, with the Baltic Panamax index at 1,041 versus 282 a year earlier. The PNW grain vessel lineup fell to about 61 ships, and BNSF rail deliveries of grain are improving.

- Date: 2017-03-02 · published 2017-03-02T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/71885-market-perspectives-march-2-2017-page-9-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising Panamax rates raise the cost of moving grain to Asia, while easing PNW congestion may reduce the Gulf-versus-PNW price premium.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-26 | [Market Perspectives – March 26, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/54041-market-perspectives-march-26-2020-page-9-of-10-u-s-grains-and-bioproducts.md) | +3.9% | -3.7% |
| CORN | 2017-09-21 | [Market Perspectives September 21, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/69170-market-perspectives-september-21-2017-page-9-of-10-u-s-grains-and-bioproducts.md) | +0.5% | +2.4% |
| CORN | 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) | -5.2% | -0.3% |
| CORN | 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) | +0.7% | +4.5% |
| CORN | 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) | +2.1% | +2.9% |
| SBM | 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) | +2.6% | +1.8% |
| SBM | 2020-12-03 | [Market Perspectives – December 3, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/49550-market-perspectives-december-3-2020-page-9-of-10-u-s-grains-and-bioproducts.md) | -1.3% | +11.5% |
| SBM | 2024-06-03 | [UP: Grain Products](https://feedsoft.ai/events/29902-up-grain-products.md) | -1.8% | -2.0% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-2-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-2-2017/9/

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