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USDA's Grain Transportation Report for the week ending December 28, 2024 showed 945,000 tons of grain moving south through Mississippi River System locks, the largest weekly volume of 2024. Corn movements hit 500,000 tons and soybeans 410,000 tons, driven by rising export sales.
The Port of Duluth-Superior closed its 2024 oceangoing season as the St. Lawrence Seaway prepared to close.
Strong southbound grain flows on the Mississippi support Gulf export loadings and firm corn and soybean basis, though forecast record cold could slow barge traffic.
doi.orgJan 2, 2025After 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.
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.
