# Grain Transportation Report, February 29, 2024

> USDA's first 2024/25 estimates project U.S. harvests of 15.0 billion bushels of corn, 4.5 billion of soybeans, 1.9 billion of wheat and 0.4 billion of sorghum. The combined 21.9 billion bushels would be the second-largest on record, and storage is projected to be tight. The Federal Maritime Commission also finalized a detention and demurrage billing rule.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/16567-grain-transportation-report-february-29-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large projected crop implies heavier supply and softer prices for corn, soybeans and sorghum, although tighter storage could lift harvest-time transport demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: neutral
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-01 | [Grain Transportation Report, February 1, 2024](https://feedsoft.ai/events/31832-grain-transportation-report-february-1-2024.md) | -4.7% | -6.6% |
| CORN | 2023-02-02 | [Grain Transportation Report, February 2, 2023](https://feedsoft.ai/events/16648-grain-transportation-report-february-2-2023.md) | +1.5% | -4.0% |
| CORN | 2019-02-28 | [Grain Transportation Report, February 28, 2019](https://feedsoft.ai/events/60480-grain-transportation-report-february-28-2019.md) | -0.8% | +1.1% |
| CORN | 2022-01-27 | [Grain Transportation Report, January 27, 2022](https://feedsoft.ai/events/16738-grain-transportation-report-january-27-2022.md) | +1.7% | +10.2% |
| CORN | 2020-05-21 | [Grain Transportation Report, May 21, 2020](https://feedsoft.ai/events/53011-grain-transportation-report-may-21-2020.md) | +0.2% | +2.8% |
| SOY | 2024-02-01 | [Grain Transportation Report, February 1, 2024](https://feedsoft.ai/events/31832-grain-transportation-report-february-1-2024.md) | -2.7% | -7.7% |
| SOY | 2023-02-02 | [Grain Transportation Report, February 2, 2023](https://feedsoft.ai/events/16648-grain-transportation-report-february-2-2023.md) | -0.0% | -0.0% |
| SOY | 2019-02-21 | [Grain Transportation Report, February 21, 2019](https://feedsoft.ai/events/60482-grain-transportation-report-february-21-2019.md) | +0.1% | +0.4% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.02-29-2024

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