# Analyst Abstract - Splash247

> Splash247 analysts report that grain tonne-mile demand has fallen sharply this year due to the lack of Black Sea cargoes and weaker Chinese demand. They expect improvement as firm Chinese US soybean purchases and a possible record Brazilian crop emerge. Low Mississippi water levels have cut US river volumes by more than 20% this month.

- Date: 2022-10-25 · published 2022-10-25T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/39308-analyst-abstract-splash247
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Firm Chinese soybean buying supports US export demand and freight, while the Mississippi drought constrains grain movement and may pressure Gulf-linked prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- BARGE: bullish ▲
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-18 | [Grain trades provide bulker hope - Splash247](https://feedsoft.ai/events/60297-grain-trades-provide-bulker-hope-splash247.md) | -0.6% | -1.5% |
| SOY | 2020-08-13 | [Market analyst cites good demand for soybean strength - Brownfield Ag News](https://feedsoft.ai/events/10684-market-analyst-cites-good-demand-for-soybean-strength-brownfield-ag-news.md) | +2.5% | +10.6% |
| SOY | 2020-05-13 | [Market analyst optimistic about Phase One trade deal \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/52987-market-analyst-optimistic-about-phase-one-trade-deal-iowa-agribusiness-radio.md) | -0.8% | +1.9% |
| SOY | 2018-12-05 | [Soybeans surge to near 4-mth high, analysts wary of G20 bounce](https://feedsoft.ai/events/11523-soybeans-surge-to-near-4-mth-high-analysts-wary-of-g20-bounce.md) | +0.9% | -0.2% |
| SOY | 2020-06-05 | [Analysts say China to continue buying US soybeans \| 2020-06-05  \| World Grain](https://feedsoft.ai/events/52605-analysts-say-china-to-continue-buying-us-soybeans-2020-06-05-world-grain.md) | -0.2% | +2.9% |
| SBM | 2020-08-13 | [Market analyst cites good demand for soybean strength - Brownfield Ag News](https://feedsoft.ai/events/10684-market-analyst-cites-good-demand-for-soybean-strength-brownfield-ag-news.md) | +4.8% | +10.2% |
| SBM | 2018-12-05 | [Soybeans surge to near 4-mth high, analysts wary of G20 bounce](https://feedsoft.ai/events/11523-soybeans-surge-to-near-4-mth-high-analysts-wary-of-g20-bounce.md) | -0.6% | +0.8% |
| SBM | 2018-05-25 | [Contact Us - Sherbrooke Record - Soybean Meal Rallies on Italian Flash Sale and Record US Crush Forecast](https://feedsoft.ai/events/65102-contact-us-sherbrooke-record-soybean-meal-rallies-on-italian-flash-sale-and.md) | -0.8% | -10.1% |

## Sources

- splash247.com: https://splash247.com/analyst-abstract-2-30/

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