Rising crude oil prices and the ongoing war in Ukraine is significantly driving up ocean freight rates and US barge freight rates, according to the March 17 Grain Transportation Report from the US Department of Agriculture (USDA). Ocean freight rates for shipping bulk grains have risen for five consecutive weeks. As of March 10, the rate for shipping a tonne of grain from the US Gulf to Japan was $79, a 12% increase from the start of 2022, 37% more than a year ago, and 70% higher than the four-year average. The rate from the Pacific Northwest to Japan was $44.25 per tonne, a 14% increase from the start of the year, 36% more than last year and 72% more than the four-year average. US to Europe rate was $29.50, up 12% from the start of 2022, 39% more than a year ago and 75% higher than the four-year average.