# Grain Transportation Report, November 28, 2024

> The USDA Agricultural Marketing Service's weekly Grain Transportation Report for November 28, 2024 highlights that MARAD awarded nearly $73 million to three grain-related port projects. Two involve Illinois River barge facilities, including a $39 million loading dock at Hennepin expected to support a soybean crush plant opening in 2026. The report also notes a $9 million grant to upgrade barge loading at Hardin.

- Date: 2024-11-27 · published 2024-11-27T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/27603-grain-transportation-report-november-28-2024
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

New barge-loading capacity on the Illinois River, including for soybean meal, can ease future bottlenecks and support regional crush and export flows. The effect on prices is gradual and modest, mainly through basis and freight over the medium term.

## Read by commodity

- SBM: neutral
- BARGE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-07-01 | [Grain Transportation Report, July 15, 2021](https://feedsoft.ai/events/45953-grain-transportation-report-july-15-2021.md) | -3.6% | -4.2% |
| SBM | 2024-02-29 | [Grains Report 02/29/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/31705-grains-report-02-29-2024-market-insightsmarket-insights.md) | -0.3% | -0.6% |
| SBM | 2024-12-05 | [Grains Report 12/05/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/27010-grains-report-12-05-2024-market-insightsmarket-insights.md) | -0.1% | +3.0% |
| SBM | 2024-11-21 | [Commodities Overview November 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/11135-commodities-overview-november-2024-edition-adm-investor-services.md) | +0.1% | -2.3% |
| SBM | 2024-07-03 | [3rd July 2024 Commodity Market Report - CirQlar Nutrition](https://feedsoft.ai/events/13912-3rd-july-2024-commodity-market-report-cirqlar-nutrition.md) | +1.3% | -3.9% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.11-28-2024

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