USDA AMS data showed 885,881 tons of barged grain moved in the week ending May 17, up 20 percent week over week and 25 percent year over year. Rail grain carloads rose 27 percent from the same week last year, and diesel prices increased.
Strong barge and rail volumes signal robust grain movement and firm freight demand, while higher diesel costs raise operating expenses for shippers and the feed sector.
Not enough comparable past events yet for a historical read.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.