Loading…
For the week ending April 24, unshipped corn, soybean and wheat balances for MY 2024/25 totaled 23.89 mmt, up 25% year on year. US Class I railroads originated 29,283 grain carloads in the week ending April 26, up 20% week on week.
BNSF and UP announced sharp cuts to HRW wheat rail tariffs for the June marketing year.
Lower rail tariffs reduce the cost of moving HRW wheat to Gulf and PNW export positions, which can narrow basis discounts and support export competitiveness. Strong grain rail loadings and sizable old-crop balances point to ample supply.
doi.orgMay 8, 2025After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% 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.
