
Class I railroads originated 26,952 grain carloads in the week ending July 11, 18% above the three-year average. Barge grain movements reached 691,198 tons, and Gulf vessel loadings were 20% above last year.
Firm export flow supports US grain demand, but Gulf-to-Japan freight at $69.50 per ton versus $36.50 from the Pacific Northwest may limit inland cash bids.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.