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The USDA Grain Transportation Report discusses barged grain movements on the Mississippi, which fell to a record-low 169,000 tons weekly in mid-September 2021 after Hurricane Ida. Low stocks and barge and labor shortages constrained third-quarter volumes.
Reduced barged grain volumes signal tight logistics and export capacity constraints, which tend to weigh on Gulf basis and support freight rates.
doi.orgJan 27, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
