# Grain Transportation Report, June 27, 2024

> Record rainfall and flooding in Iowa, South Dakota and Minnesota have disrupted rail and road movements. A BNSF bridge over the Big Sioux River collapsed on June 23, leaving several BNSF subdivisions out of service, and Union Pacific issued an embargo affecting grain elevators, ethanol plants, soybean crushers and flour mills in northwest Iowa and southern Minnesota.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/17021-grain-transportation-report-june-27-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Rail embargoes and washed-out track delay grain and meal shipments out of the Upper Midwest, which can widen local basis and pressure cash prices while shifting flows to trucks and barges.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-03 | [Grain Transportation Report, July 4, 2024](https://feedsoft.ai/events/16529-grain-transportation-report-july-4-2024.md) | +0.7% | -0.8% |
| CORN | 2022-07-21 | [Grain Transportation Report, July 21, 2022](https://feedsoft.ai/events/16695-grain-transportation-report-july-21-2022.md) | -5.2% | -0.3% |
| CORN | 2024-05-30 | [Grain Transportation Report, May 30, 2024](https://feedsoft.ai/events/16541-grain-transportation-report-may-30-2024.md) | -4.0% | -5.1% |
| CORN | 2024-01-04 | [Grain Transportation Report, January 4, 2024](https://feedsoft.ai/events/16569-grain-transportation-report-january-4-2024.md) | -1.1% | -2.1% |
| CORN | 2025-01-02 | [Grain Transportation Report, January 2, 2025](https://feedsoft.ai/events/16482-grain-transportation-report-january-2-2025.md) | -0.5% | +5.7% |
| SOY | 2024-07-03 | [Grain Transportation Report, July 4, 2024](https://feedsoft.ai/events/16529-grain-transportation-report-july-4-2024.md) | -2.0% | -11.7% |
| SOY | 2022-07-21 | [Grain Transportation Report, July 21, 2022](https://feedsoft.ai/events/16695-grain-transportation-report-july-21-2022.md) | +9.0% | +1.8% |
| SOY | 2024-05-30 | [Grain Transportation Report, May 30, 2024](https://feedsoft.ai/events/16541-grain-transportation-report-may-30-2024.md) | -3.0% | -5.1% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.06-27-2024

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