Week ending December 6 saw 339 grain barges move down river and 886 unloaded in New Orleans, with 30 ocean grain vessels loaded in the Gulf, 9 percent fewer than last year. Ocean freight to Japan from the Gulf was $57.00 per metric ton, and the U.S. average diesel price was $3.665 per gallon.
Lower vessel loadings and steady ocean freight rates point to softer export demand near term, while diesel costs add to hauling expenses for grain.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
After 22 past neutral report events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% over 20.
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.