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The USDA Grain Transportation Report dated November 23, 2023 highlights that US wheat imports reached a six-year high. The rest of the text covers trucking industry survey results and Port of Los Angeles and Long Beach funding for zero-emission drayage trucks.
The wheat import pace signals firm foreign demand for US supplies, but the trucking and port items have little direct effect on feed commodity prices.
doi.orgNov 23, 2023After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
