# Grain Transportation Report, February 15, 2024

> The Grain Transportation Report notes a new JDH shuttle train facility in the Texas Panhandle and that Gulf bulk grain vessels continue avoiding the Panama and Suez canals, routing around Africa to reach East Asia. U.S. grain export shipments shifted from mostly soybeans to mostly corn in late February, and the U.S. average diesel price rose 21 cents to $4.109 per gallon.

- Date: 2024-02-15 · published 2024-02-15T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/16561-grain-transportation-report-february-15-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer routings and Panama draft limits raise freight costs and slow shipments to Japan, which weighs on Gulf corn basis and export competitiveness. Higher diesel adds to hauling costs for feed ingredients.

## Read by commodity

- CORN: neutral
- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-11 | [Grain Transportation Report, January 11, 2024](https://feedsoft.ai/events/16576-grain-transportation-report-january-11-2024.md) | -1.3% | -5.6% |
| CORN | 2024-04-11 | [Grain Transportation Report, April 11, 2024](https://feedsoft.ai/events/30926-grain-transportation-report-april-11-2024.md) | -0.4% | +0.8% |
| CORN | 2024-08-01 | [Grain Transportation Report, August 1, 2024](https://feedsoft.ai/events/28759-grain-transportation-report-august-1-2024.md) | -0.1% | -3.8% |
| CORN | 2022-05-19 | [Grain Transportation Report, May 19, 2022](https://feedsoft.ai/events/41438-grain-transportation-report-may-19-2022.md) | -0.6% | -2.2% |
| CORN | 2021-06-01 | [Grain Transportation Report, June 24, 2021](https://feedsoft.ai/events/46468-grain-transportation-report-june-24-2021.md) | +5.1% | +2.4% |
| DIESEL | 2022-02-24 | [Grain Transportation Report, February 24, 2022](https://feedsoft.ai/events/42888-grain-transportation-report-february-24-2022.md) | +25.9% | +47.7% |
| DIESEL | 2025-05-15 | [Grain Transportation Report, May 15, 2025](https://feedsoft.ai/events/24844-grain-transportation-report-may-15-2025.md) | -3.0% | +0.2% |
| DIESEL | 2024-07-11 | [Grain Transportation Report, July 11, 2024](https://feedsoft.ai/events/16528-grain-transportation-report-july-11-2024.md) | -1.2% | -7.1% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.02-15-2024

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.