WEEKLY GRAIN MOVEMENT: Shipping costs drop

Impact of lower freight costs on balance of crop trade appears negligible.

The cost of shipping grain by truck, barge and ocean vessel has fallen in the past year due, in part, to lower fuel costs as well as an overcapacity of ships for ocean freight.

This has lowered the price to land U.S. crops in Asia, Europe and Africa, but these changes have also helped competitors, so the impact on the balance of trade appears negligible.

Here are some numbers for wheat, according to the U.S. Department of Agriculture’s latest

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