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Heavy Grain Exports in Voyage-Chartered Ships: Rates and Volume

Author

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  • Hutchinson, T. Q

Abstract

Report Introduction: Between 1961 and 1965, the United States exported 165 million long tons of heavy grain--corn, wheat, and soybeans. The average value of this trade was about $2 billion annually, approximately half from wheat exports alone. The cost of shipping grain by ocean freight has a marked influence on the competitive position of the United States in world grain markets. Also, differences in rates affect the competitive positions of the various coasts as shipping points, and the interregional competition of the producing areas. However, the free market nature of ocean freight rates for bulk commodities makes it difficult to obtain information on the general level of rates for grain shipments, their behavior over time, and the degree to which shipping rates from one coast affect shipping rates from the other coasts. The U.S. Department of Agriculture conducted this study to provide such information. In it, the causes of rate fluctuations were explored and a general theory of rate behavior was developed.

Suggested Citation

  • Hutchinson, T. Q, 1968. "Heavy Grain Exports in Voyage-Chartered Ships: Rates and Volume," Marketing Research Reports 313601, United States Department of Agriculture, Agricultural Marketing Service, Transportation and Marketing Program.
    • Handle: RePEc:ags:uamsmr:313601
    DOI: 10.22004/ag.econ.313601
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    File URL: https://ageconsearch.umn.edu/record/313601/files/mrr812.pdf
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    Cited by:

    1. Moore, John R. & Elaassar, Sammy & Lessley, Billy V., 1972. "Least Cost World Trade Patterns For Grains And Meats," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 4(1), pages 1-8, July.

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