USDA's weekly grain transportation report showed U.S. Class I railroads originated 28,942 grain carloads in the week ending June 13, up 17% year over year and 30% above the three-year average. Barged grain movements fell 29% year over year to 538,050 tons, and Gulf ocean loadings were 5% lower than a year earlier.
Strong rail movement eases country grain backlogs, but weaker barge and ocean activity signals softer export demand at the Gulf, which can pressure cash bids and barge freight rates.
Not enough comparable past events yet for a historical read.
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.