
Barge movements of food and farm products fell 10% in 2022 to 84.6 million short tons. USDA's September 12 WASDE forecast 2024-25 U.S. grain and soybean exports at 136.3 million metric tons, up 5.8% and the largest since the record year.
The new crop marketing year began September 1 for corn, sorghum and soybeans.
A larger projected export program supports demand for corn and soybeans and requires strong barge and port throughput to move the volume.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.