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

> A U.S. Grains Council market perspectives report says ocean freight rates slipped during a quiet holiday week in Asia. The commentator notes uncertainty over the new U.S. administration's policies and reports early usage figures for the expanded Panama Canal locks, where few dry bulk vessels have transited so far.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72387-market-perspectives-february-2-2017-page-9-of-10-u-s-grains-and-bioproducts
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer freight rates and policy uncertainty weigh on ocean freight and export competitiveness for dry bulk grain cargoes. Canal capacity trends favor container and LNG traffic over dry bulk, limiting freight upside.

## Read by commodity

- CORN: neutral
- OCEANFRT: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-february-2-2017/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-february-2-2017/9/

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