# Grain Transportation Report, April 7, 2022

> On March 31 the US President announced the largest strategic petroleum reserve release in US history, adding an average of 1 million barrels per day to the market for six months. The release responds to reduced oil supply from the war in Ukraine that is pushing up oil and gas prices. The administration also urged producers to increase output on leased acres, and the article covers Infrastructure Investment and Jobs Act funding for inland waterways projects.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: geopolitics · region US · magnitude high
- Page: https://feedsoft.ai/events/16717-grain-transportation-report-april-7-2022
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Extra SPR barrels add crude and diesel supply, which eases energy costs that feed into fertilizer, freight and feed production. The release is a bearish factor for energy prices, which lowers the cost base for grain and oilseed transport.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-20 | [Diesel and Gas. The Energy Report 06/20/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/8644-diesel-and-gas-the-energy-report-06-20-2025-market-insightsmarket-insights.md) | -12.7% | -9.6% |
| WTI | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +0.0% | -5.8% |
| WTI | 2024-08-30 | [Crude Oil snaps support after OPEC sources confirm gradual reopening of production](https://feedsoft.ai/events/28976-crude-oil-snaps-support-after-opec-sources-confirm-gradual-reopening-of.md) | -10.8% | -10.5% |
| WTI | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -6.6% | +6.7% |
| WTI | 2018-09-21 | [Oil pares gains after report OPEC, allies considering supply hike](https://feedsoft.ai/events/63204-oil-pares-gains-after-report-opec-allies-considering-supply-hike.md) | +1.9% | -3.0% |
| BRENT | 2025-06-20 | [Diesel and Gas. The Energy Report 06/20/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/8644-diesel-and-gas-the-energy-report-06-20-2025-market-insightsmarket-insights.md) | -13.2% | -10.3% |
| BRENT | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | -2.3% | -11.1% |
| BRENT | 2024-08-30 | [Crude Oil snaps support after OPEC sources confirm gradual reopening of production](https://feedsoft.ai/events/28976-crude-oil-snaps-support-after-opec-sources-confirm-gradual-reopening-of.md) | -8.9% | -10.4% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.04-07-2022

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