USDA data for the week ending August 15 showed 26,543 grain rail carloads, 16% above the three-year average. Barge movements fell 26% week over week to 475,450 tons, and diesel prices rose to $5.652 per gallon.
Ocean vessel loadings were 8% lower year over year.
Weaker barge traffic and fewer ocean loadings signal slower export logistics, which can widen basis and weigh on barge rates. Diesel at record levels raises haulage costs across rail and truck networks.
Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
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.