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 Ocean Freight Rates PlummetOcean bulk shipping rates for grain declined to the lowest levels in five years, due in large part to the overall world economic downturn. As of Oct. 24, the cost of shipping grain from the Pacific Northwest to Japan was $17 per metric ton – the lowest level since November of 2002. The cost of shipping grain from the U.S. Gulf to Japan was $31 per metric ton – the lowest level since June of 2003. Source: U.S. Department of Agriculture |
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The Soy Transportation Coalition is comprised of seven state soybean boards, the American Soybean Association, and the United Soybean Board. The National Grain and Feed Association and the National Oilseed Processors Association serve as ex-officio members of the organization. |
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