# Grain Transportation Report, February 1, 2024

> USDA's Grain Transportation Report for the week ending January 18 showed unshipped wheat, corn and soybean balances of 34.77 mmt, up 18% year over year. Weekly grain carloads originated by Class I railroads fell 17% from the prior week and were 31% below the three-year average. The report also covered DOT rural transportation grant awards totaling $645.3 million.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31832-grain-transportation-report-february-1-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weak rail loadings and slower export sales point to soft demand pressure on US grain basis, while transport infrastructure investment has little near-term price effect.

## Read by commodity

- SOY: bearish ▼
- WTI: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-29 | [Grain Transportation Report, February 29, 2024](https://feedsoft.ai/events/16567-grain-transportation-report-february-29-2024.md) | +3.7% | +3.8% |
| CORN | 2023-02-02 | [Grain Transportation Report, February 2, 2023](https://feedsoft.ai/events/16648-grain-transportation-report-february-2-2023.md) | +1.5% | -4.0% |
| CORN | 2019-02-28 | [Grain Transportation Report, February 28, 2019](https://feedsoft.ai/events/60480-grain-transportation-report-february-28-2019.md) | -0.8% | +1.1% |
| CORN | 2022-01-27 | [Grain Transportation Report, January 27, 2022](https://feedsoft.ai/events/16738-grain-transportation-report-january-27-2022.md) | +1.7% | +10.2% |
| CORN | 2023-05-11 | [Grain Transportation Report, May 11, 2023](https://feedsoft.ai/events/14842-grain-transportation-report-may-11-2023.md) | -9.2% | -10.3% |
| SOY | 2024-02-29 | [Grain Transportation Report, February 29, 2024](https://feedsoft.ai/events/16567-grain-transportation-report-february-29-2024.md) | +0.6% | +5.2% |
| SOY | 2023-02-02 | [Grain Transportation Report, February 2, 2023](https://feedsoft.ai/events/16648-grain-transportation-report-february-2-2023.md) | -0.0% | -0.0% |
| SOY | 2019-02-21 | [Grain Transportation Report, February 21, 2019](https://feedsoft.ai/events/60482-grain-transportation-report-february-21-2019.md) | +0.1% | +0.4% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.02-01-2024

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