US Panamax Grain Export Gateway
7,243,861 tonnes of US corn and soybeans exported by vessel in July 2026, moving in Panamax and Kamsarmax bulk carriers from the Mississippi River and the Pacific Northwest to East Asia and Latin America
U.S. export grain moves from the Midwest Corn Belt by unit train and river barge to export elevators, supplying feed millers, starch producers and oilseed crushers across the Pacific and Atlantic basins. US trade data record 7,243,861 metric tonnes of corn and soybeans exported by ocean vessel in July 2026 at a combined value of USD 1.95 billion: 5,747,901 tonnes of corn (HS 1005.90) valued at USD 1.25 billion, and 1,495,960 tonnes of soybeans (HS 1201.90) valued at USD 705.0 million.
Ocean outflows run through two loading corridors: the Lower Mississippi River (Center Gulf), where export elevators load Kamsarmax and Post-Panamax bulk carriers, and the Pacific Northwest (Columbia River and Puget Sound: Kalama, Longview, Seattle, Tacoma, Vancouver WA), which is closer to North Asia (Japan, South Korea, Taiwan, Northern China).
CBIL brokers bulk grain stems for feed millers, crushers and importers. CBIL is a commodity brokerage: each lot is brokered between a named seller and a named buyer against independent inspection. US export grain is officially inspected by the USDA Federal Grain Inspection Service (FGIS), whose certificates state Grade (US No. 2 Yellow Corn / US No. 2 Yellow Soybeans), test weight (≥54–56 lb/bu), moisture (≤14.0–15.0%), broken corn and foreign material (BCFM ≤3.0%), total damage (≤5.0%), and aflatoxin (≤20 ppb). Stems are executed under NAEGA 2 or GAFTA FOB contract terms on FOB loading berth, CFR, or CIF discharge terms, settled via 100% Irrevocable Documentary Letter of Credit (L/C) at sight.
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The market in figures
- Declared US vessel grain exports, July 2026
- 7,243,861 t combined (USD 1.95 billion)
- Yellow Corn vessel exports (HS 1005.90)
- 5,747,901 t (USD 1.25 billion | $217.11/t average)
- Soybean vessel exports (HS 1201.90)
- 1,495,960 t (USD 705.0 million | $471.27/t average)
- Largest destination markets, July 2026
- Corn: Japan · South Korea · Mexico · Colombia. Soybeans: China · Egypt · Indonesia
- Loading corridors
- Lower Mississippi River export elevators · Pacific Northwest (Kalama, Longview, Seattle, Tacoma, Vancouver WA)
Landed values are the importing country's declared CIF, not CBIL prices.
Questions buyers ask
- What is the operational difference between Mississippi Gulf and Pacific Northwest (PNW) loading?
- The Lower Mississippi River corridor (Center Gulf) loads Panamax and Kamsarmax bulkers and routes to Asia via the Panama Canal or the Cape of Good Hope. Pacific Northwest elevators offer direct transpacific steaming to Japan and Korea, a shorter voyage without a canal transit. Draft and loading rate are confirmed with the elevator for each stem.
- What official quality certifications accompany US grain export stems?
- Every export parcel is inspected and certified at the loading elevator by the USDA Federal Grain Inspection Service (FGIS) or designated delegated state agency. Official certificates establish Grade (US No. 2 or better), moisture, foreign material, damaged kernels, test weight, and mycotoxin analysis (aflatoxin ≤ 20 ppb). FGIS certificates are final at loading port for quality and weight (certified draft survey).
- How are grain contracts structured to prevent demurrage during river fog and rain delays?
- Contracts are governed by NAEGA 2 terms. Ocean vessels must tender valid Notice of Readiness (NOR) within the agreed laycan window. Weather-working days exclude periods when loading hatches must remain closed to prevent rain damage, and laytime and demurrage follow the contract and the charter party.
- What standard payment terms apply to international Panamax grain sales?
- Bulk cargoes are settled strictly via 100% Irrevocable Documentary Letter of Credit (L/C) at sight (UCP 600) issued by a top-tier international bank, payable against presentation of full set 3/3 clean on-board Ocean Bills of Lading, FGIS Certificate of Quality, FGIS Certificate of Weight, Phytosanitary Certificate, and Certificate of Origin.