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CBIL
North America · United States

US Panamax Grain Export Gateway

7,200,000+ tonnes monthly of US No. 2 Yellow Corn and Soybeans moving in Panamax and Kamsarmax bulk carriers via Mississippi 50ft deepwater draft and PNW 43ft draft berths to East Asia and Latin America

The United States maritime grain export system anchors the international food security supply chain. Sourced from the Midwest Corn Belt and delivered via Class-I unit trains and 15-barge river flotillas down the Mississippi River navigation network, U.S. grains supply feed millers, starch extractors, and oilseed crushers across the Pacific and Atlantic basins. Official U.S. Census Bureau customs declarations recorded 7,242,500 metric tonnes of feed grains exported by ocean vessel in July 2026 at a combined FOB export value of USD 1.95 billion: 4,131,200 tonnes of Yellow Dent Corn (HS 1005.90) valued at USD 860.4 million, and 3,111,300 tonnes of Yellow Soybeans (HS 1201.90) valued at USD 1.09 billion.

Ocean outflows are structured across two premier deepwater loading corridors: the Lower Mississippi River (Center Gulf), offering 50 ft (15.24 m) saltwater draft accommodating fully laden Kamsarmax (82,000 DWT) and Post-Panamax bulk carriers loading at high-speed export elevators (ADM Destrehan, Cargill Reserve, Bunge Destrehan, Zen-Noh Convent) at 2,000–3,000 MTPH; and the Pacific Northwest (PNW - Columbia River / Puget Sound), offering 43 ft (13.11 m) draft and shaving 10 to 14 steaming days off transit to North Asia (Japan, South Korea, Taiwan, Northern China).

CBIL brokers bulk grain stems directly connecting major grain accumulators with international feed milling consortia and sovereign procurement agencies. All contracted parcels carry mandatory USDA Federal Grain Inspection Service (FGIS) official export inspection certificates verifying 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 standard NAEGA II / GAFTA 88 contracts on FOB loading berth, CFR, or CIF discharge terms, settled via 100% Irrevocable Documentary Letter of Credit (L/C) at sight.

Need the ship as well? Our chartering desk prices US Gulf and PNW to Asia Panamax grain chartering on LaycanDesk.

The market in figures

Declared US vessel grain exports, July 2026
7,242,500 t combined (USD 1.95 billion FOB turnover)
Yellow Corn vessel exports (HS 1005.90)
4,131,200 t (USD 860.4 million | $208.27/t FOB average)
Soybean vessel exports (HS 1201.90)
3,111,300 t (USD 1.09 billion | $350.33/t FOB average)
Primary global destination markets
Japan (Zen-Noh) · South Korea (NOFI/FLC) · Mexico (Veracruz) · China (COFCO)
Leading deepwater maritime terminals
Lower Mississippi 50ft (ADM, Cargill, Bunge, Zen-Noh) · PNW 43ft (Kalama, Portland)

Official trade data; sources listed below. 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) offers 50 ft fresh/brackish draft, allowing Kamsarmax bulkers to load full 65,000–75,000 MT payloads with lowest FOB origination cost, routing via the Panama Canal or Cape of Good Hope. Pacific Northwest elevators (PNW) offer 43 ft draft and direct transpacific steaming to Japan and Korea in only 12–14 days (vs 26–28 days from the Gulf), saving substantial ocean freight and canal toll expenses.
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 II rules. Ocean vessels must tender valid Notice of Readiness (NOR) within the agreed laycan window. Weather-working days (PWWD SHINC) exclude periods when loading hatches must remain closed to prevent rain damage. CBIL coordinates berth schedules with terminal operators and river pilot associations to minimize waiting time at Southwest Pass and Head of Passes.
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.

Sources

  1. U.S. Census Bureau International Trade Data, HS 1005.90 & HS 1201.90 vessel exports, July 2026 declarations (read 20 Sep 2026).
  2. USDA Federal Grain Inspection Service (FGIS), Official United States Standards for Grain (Corn & Soybeans).
  3. North American Export Grain Association (NAEGA), Official Export Contract No. 2.
  4. CBIL Global Agricultural Logistics Monograph CBIL-INTEL-GRAINS-PANAMAX-2026.