# Grain Transportation Report, August 24, 2023

> USDA's weekly Grain Transportation Report showed unshipped 2022/23 wheat, corn and soybean export sales at 8.40 mmt, down 34 percent year on year. Weekly corn and soybean export sales fell sharply, and Class I railroads originated 28 percent fewer grain carloads than a year earlier. The report also covered a USDA rule removing soybean color as a grade factor.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/16609-grain-transportation-report-august-24-2023
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weak export commitments and reduced rail grain originations signal soft demand and slow logistics, which typically weighs on US corn and soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-31 | [Grain Transportation Report, August 31, 2023](https://feedsoft.ai/events/12856-grain-transportation-report-august-31-2023.md) | +1.5% | -6.4% |
| CORN | 2023-04-27 | [Grain Transportation Report, April 27, 2023](https://feedsoft.ai/events/16635-grain-transportation-report-april-27-2023.md) | -0.9% | -4.0% |
| CORN | 2023-05-11 | [Grain Transportation Report, May 11, 2023](https://feedsoft.ai/events/14842-grain-transportation-report-may-11-2023.md) | -9.2% | -10.3% |
| 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 | 2022-04-21 | [Grain Transportation Report, April 21, 2022](https://feedsoft.ai/events/16719-grain-transportation-report-april-21-2022.md) | -1.5% | -3.5% |
| SOY | 2023-08-31 | [Grain Transportation Report, August 31, 2023](https://feedsoft.ai/events/12856-grain-transportation-report-august-31-2023.md) | -2.6% | -5.8% |
| SOY | 2023-05-11 | [Grain Transportation Report, May 11, 2023](https://feedsoft.ai/events/14842-grain-transportation-report-may-11-2023.md) | -6.9% | -5.1% |
| 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% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.08-24-2023

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