# Grain Transportation Report, May 11, 2023

> USDA's Grain Transportation Report says accumulated US corn, soybean and wheat exports and outstanding sales were down 15% and 40% respectively compared with the same period last year. It attributes weak demand to uncompetitive US prices, higher freight rates and reduced purchases by key buyers such as Mexico and Japan.

- Date: 2023-05-11 · published 2023-05-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/14842-grain-transportation-report-may-11-2023
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Lower export sales reduce grain transport demand and weigh on US corn, soybean and wheat prices unless new buying picks up.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-05-21 | [Grain Transportation Report, May 21, 2020](https://feedsoft.ai/events/53011-grain-transportation-report-may-21-2020.md) | +0.2% | +2.8% |
| CORN | 2018-05-03 | [Grain Transportation Report, May 3, 2018](https://feedsoft.ai/events/64904-grain-transportation-report-may-3-2018.md) | +1.4% | +1.1% |
| CORN | 2023-04-27 | [Grain Transportation Report, April 27, 2023](https://feedsoft.ai/events/16635-grain-transportation-report-april-27-2023.md) | -0.9% | -4.0% |
| CORN | 2025-03-06 | [Grain Transportation Report, March 6, 2025](https://feedsoft.ai/events/16962-grain-transportation-report-march-6-2025.md) | +1.8% | +4.8% |
| CORN | 2019-07-11 | [Grain Transportation Report, July 11, 2019](https://feedsoft.ai/events/58280-grain-transportation-report-july-11-2019.md) | +0.2% | -5.9% |
| SOY | 2020-05-21 | [Grain Transportation Report, May 21, 2020](https://feedsoft.ai/events/53011-grain-transportation-report-may-21-2020.md) | +0.0% | +3.1% |
| SOY | 2025-03-13 | [Grain Transportation Report, March 13, 2025](https://feedsoft.ai/events/16463-grain-transportation-report-march-13-2025.md) | +2.1% | +2.6% |
| SOY | 2025-03-06 | [Grain Transportation Report, March 6, 2025](https://feedsoft.ai/events/16962-grain-transportation-report-march-6-2025.md) | -1.0% | +3.2% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.05-11-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.