Ag Clip

Ahoy There!

During the week ending December 29, 30 ocean-going grain vessels were loaded in the Gulf, down 29 percent from this week last year. Fifty vessels are expected to be loaded within the next 10 days, 24 percent less than the same period last year. 

During the week ending December 30, the ocean freight rate for shipping bulk grain from the Gulf to Japan was $56 per metric ton (mt), 2 percent less than the previous week. The cost of shipping from the Pacific Northwest to Japan was $29.50 per mt, 2 percent more than the previous week.

A cool and informative article on corn by Marvin.Prater@ams.usda.gov  is contained in this weeks grain transportation report.

Good Fortunes