Grains & Dry Bulk · Indicative Freight Rate
US Gulf to Spain Grain Freight Rates
The latest indicative rate is$26.00/mt for 5 September 2026, Panamax, unchanged from the previous weekly reading. Weekly history is below.
Latest freight rate
What This Rate Measures
Indicative weekly voyage freight rate for grain from US Gulf to Spain, Panamax vessels, in USD/mt.
Dry-bulk grain voyage rates: Indicative weekly voyage freight rates for grain cargoes from a named loading area to a named discharge area, for a stated lot size (e.g. 30,000 mt or 40/50,000 mt). Each origin, destination and lot size is a separate route page.
- US Gulf grain loads from Mississippi River elevators near New Orleans.
- European importers receive grain through Atlantic and Mediterranean ports; ARA barges distribute inland.
- The source states the vessel class (Panamax) rather than a tonnage for this route; the tonnage actually carried is not published.
Known terms (as published)
- Origin: US Gulf
- Destination: Spain
- Cargo: Grain
- Vessel class: Panamax (tonnage not published)
- Rate unit: USD/mt; weekly reading
Not published by the source
- Laycan
- Vessel identity
- Load/discharge terms
- Named berths
These terms are left blank rather than inferred.
Unit and cadence
- USD per metric tonne of cargo.
- Weekly reading — the change shown compares two weekly readings.
Weekly Grain Freight Rates
Last 30 loaded weekly observations. A different origin or lot size is a different page.
| Date | Rate | Weekly change (published) | Trend |
|---|---|---|---|
| 5 Sep 2026 | $26.00 | 0.00 | steady |
| 29 Aug 2026 | $26.00 | 0.00 | steady |
| 22 Aug 2026 | $26.00 | 0.00 | steady |
| 15 Aug 2026 | $26.00 | +1.00 | firm |
| 8 Aug 2026 | $25.00 | 0.00 | steady |
| 1 Aug 2026 | $25.00 | -2.00 | soft |
| 25 Jul 2026 | $27.00 | 0.00 | steady |
| 18 Jul 2026 | $27.00 | 0.00 | steady |
| 11 Jul 2026 | $27.00 | 0.00 | steady |
| 4 Jul 2026 | $27.00 | 0.00 | steady |
| 27 Jun 2026 | $27.00 | 0.00 | steady |
| 20 Jun 2026 | $27.00 | 0.00 | steady |
| 13 Jun 2026 | $27.00 | 0.00 | steady |
| 6 Jun 2026 | $27.00 | -1.00 | soft |
| 30 May 2026 | $28.00 | 0.00 | steady |
| 22 May 2026 | $26.00 | 0.00 | steady |
| 16 May 2026 | $26.00 | 0.00 | steady |
| 9 May 2026 | $26.00 | 0.00 | steady |
| 2 May 2026 | $26.00 | -2.00 | soft |
| 25 Apr 2026 | $28.00 | +1.00 | firm |
| 18 Apr 2026 | $27.00 | -1.00 | soft |
| 11 Apr 2026 | $28.00 | -1.00 | soft |
| 4 Apr 2026 | $29.00 | 0.00 | steady |
| 28 Mar 2026 | $29.00 | +2.00 | firm |
| 21 Mar 2026 | $27.00 | 0.00 | steady |
| 14 Mar 2026 | $27.00 | 0.00 | steady |
| 7 Mar 2026 | $27.00 | 0.00 | steady |
| 28 Feb 2026 | $27.00 | 0.00 | steady |
| 21 Feb 2026 | $27.00 | 0.00 | steady |
| 14 Feb 2026 | $27.00 | -100.00 | soft |
Computed Summary
Calculated by CommodityScope from the loaded weekly readings only. Each statement names its period and method.
The latest rate of $26.00/mt on 5 Sep 2026 is unchanged from the previous weekly assessment (29 Aug 2026).
Method: Computed by CommodityScope as the difference between the two most recent loaded weekly observations (7 calendar days apart).
It is 1.6% above the August 2026 average of $25.60/mt, the most recent completed month with 5 weekly observations.
Method: Arithmetic mean of the published weekly midpoints in August 2026. Partial months are excluded from this comparison.
Over the loaded history (31 Jan 2026 – 5 Sep 2026), the highest rate was $29.00/mt on 28 Mar 2026 and the lowest was $25.00/mt on 1 Aug 2026.
Method: Minimum and maximum of the published rate over the loaded history (31 Jan 2026 – 5 Sep 2026, 32 observations). This is not an all-time record.
Monthly US Gulf–Spain, Panamax Averages
Average, minimum and maximum of published weekly rates in each calendar month. Incomplete latest months are marked month to date.
| Month | Average | Min | Max | Observations |
|---|---|---|---|---|
| September 2026Month to date | 26.00 | 26.00 | 26.00 | 1 |
| August 2026 | 25.60 | 25.00 | 26.00 | 5 |
| July 2026 | 27.00 | 27.00 | 27.00 | 4 |
| June 2026 | 27.00 | 27.00 | 27.00 | 4 |
| May 2026 | 26.40 | 26.00 | 28.00 | 5 |
| April 2026 | 28.00 | 27.00 | 29.00 | 4 |
| March 2026 | 27.50 | 27.00 | 29.00 | 4 |
| February 2026 | 27.25 | 27.00 | 28.00 | 4 |
| January 2026 | 27.00 | 27.00 | 27.00 | 1 |
Comparable Routes, Explained
- Argentina to Spain Grain Freight Rates
Same destination from Argentina with the same vessel class; the gap reflects voyage distance and origin-side conditions.
$41.00 USD/mt · 5 Sep 2026 · difference (this − other) -15.00
- Brazil to Spain Grain Freight Rates
Same destination from Brazil with the same vessel class; the gap reflects voyage distance and origin-side conditions.
$37.00 USD/mt · 5 Sep 2026 · difference (this − other) -11.00
- US Gulf to Algeria/Tunisia Grain Freight Rates
Same origin to Algeria/Tunisia; the gap reflects voyage distance.
$45.00 USD/mt · 5 Sep 2026 · difference (this − other) -19.00
- US Gulf to China Grain Freight Rates
Same origin to China; the gap reflects voyage distance.
$75.00 USD/mt · 5 Sep 2026 · difference (this − other) -49.00
Related Grain Freight Rates
- Argentina to Spain Grain Freight RatesPanamax · $41.00 USD/mt
- Brazil to Spain Grain Freight RatesPanamax · $37.00 USD/mt
- US Gulf to China Grain Freight RatesPanamax · $75.00 USD/mt
- US Gulf to Egypt Grain Freight RatesPanamax · $43.00 USD/mt
- US Gulf to Europe Grain Freight RatesPanamax · $26.00 USD/mt
- US Gulf to India Grain Freight RatesPanamax · $52.00 USD/mt
- US Gulf to Israel Grain Freight RatesPanamax · $43.00 USD/mt
- US Gulf to Japan Grain Freight RatesPanamax · $76.00 USD/mt
What This Rate Represents
This is an indicative voyage rate from loaded grain-market editions, not a live fixture screen. Origin, destination, commodity and parcel size on this page are those published for this stem only. Russia and Ukraine, and 40–50kt versus 30kt lots, stay on separate URLs. Laycan, named berths and vessel identity are not inferred when the source does not publish them.
How to use
- Add the rate to the FOB grain price of the origin to approximate a delivered cost for that lot size.
- Compare routes to the same destination to see how origin distance and vessel size affect cost.
Not suitable for
- Fixing a vessel: no laycan, vessel name, terms (e.g. load/discharge rates) or demurrage are implied.
- Mixing lot sizes: a 30,000 mt coaster/handysize stem is not the same market as a 40/50,000 mt panamax stem.
Sources for the explanations on this page
- Loaded weekly grain & feed editions — route table as printed
- ICC Incoterms® 2020 rules (FOB, CFR, CIF, FCA definitions) — Meaning of the delivery terms used in the basis column.
Numbers: loaded editions. Computed statistics: CommodityScope, from the loaded history (methodology).