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USDA's Grain Transportation Report examines grain-export transportation demand. A total of 138.3 million metric tons of U.S. grain was inspected for export in 2021, 7 percent less than in 2020 and 2 percent less than in 2016.
Demand for barge, rail and ocean vessel capacity has recovered since the 2019 trade war and extreme weather.
Export volume and the modal mix determine how much grain moves through barge, rail and ocean channels. Lower volumes reduce pressure on freight rates, while recovering demand supports them.
doi.orgFeb 10, 2022Not enough comparable past events yet for a historical read.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% 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.
