# Grain Transportation Report, March 14, 2024

> The USDA Grain Transportation Report for the week ending March 11 shows the US average diesel price fell 1.8 cents to $4.004 per gallon, down 10.5 cents since mid-February. The Panama Canal will raise Panamax daily transit slots from 17 to 20 by March 25, while bulk grain vessels continue avoiding both the Panama and Suez canals.

- Date: 2024-03-14 · published 2024-03-14T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/31091-grain-transportation-report-march-14-2024
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower diesel costs ease US inland and export freight, while continued Cape of Good Hope routing keeps ocean freight to Asia elevated, supporting US Gulf grain basis and FOB competitiveness.

## Read by commodity

- DIESEL: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-01-11 | [Grain Transportation Report, January 11, 2024](https://feedsoft.ai/events/16576-grain-transportation-report-january-11-2024.md) | +3.5% | +11.1% |
| DIESEL | 2024-09-12 | [Grain Transportation Report, September 12, 2024](https://feedsoft.ai/events/16506-grain-transportation-report-september-12-2024.md) | +2.4% | +9.1% |
| DIESEL | 2025-08-21 | [Grain Transportation Report, August 21, 2025](https://feedsoft.ai/events/16433-grain-transportation-report-august-21-2025.md) | +0.4% | +2.7% |
| DIESEL | 2023-11-02 | [Grain Transportation Report, November 2, 2023](https://feedsoft.ai/events/14801-grain-transportation-report-november-2-2023.md) | -6.2% | -1.7% |
| DIESEL | 2022-12-22 | [Grain Transportation Report, December 22, 2022](https://feedsoft.ai/events/8473-grain-transportation-report-december-22-2022.md) | +5.4% | +13.3% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.03-14-2024

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