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The USDA Grain Transportation Report says fourth-quarter 2022 grain inspections kept declining year over year. It also notes an FMCSA hours-of-service waiver for fuel haulers in Kansas, Nebraska and Oklahoma after a Colorado refinery shutdown and winter storms, and that STB was nearing a decision on a rail merger.
Lower export inspections point to softer demand for US grain, while fuel supply disruptions and rail consolidation can raise transport costs for feed ingredients.
doi.orgFeb 2, 2023After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 109 past bullish report events, DIESEL moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
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.
