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The USDA Agricultural Marketing Service Grain Transportation Report shows US grain exports for the 2024/25 marketing year through December 5 were up 26 percent year-to-date, led by corn and wheat. Barge movements through Mississippi River locks rose 13 percent for corn and soybeans and 11 percent for wheat, pushing barge rates higher.
Rail shipments of wheat to Mexico rose 22 percent, while corn rail shipments to Mexico fell 2 percent due to Ferromex service issues.
Tighter river and rail capacity raises freight costs for moving feed grains from origin to buyers, supporting higher delivered prices in the interior. Strong export pace also supports corn and wheat demand into the new year.
feedandgrain.comFeed, Grain StaffDec 19, 2024Not enough comparable past events yet for a historical read.
After 285 past bullish logistics events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
