# Grain Transportation Report, February 24, 2022

> USDA's Grain Transportation Report for the week of February 24, 2022 reports EIA forecasts that crude and diesel prices will rise in February before easing later in 2022, citing Ukraine-related supply concerns. U.S. diesel averaged $4.055 per gallon for the week ending February 21, the highest in nine years. Grain freight from the U.S. Gulf to Japan was $66.00 per metric ton as of February 17.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/42888-grain-transportation-report-february-24-2022
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Diesel at a nine-year high raises the cost of moving feed ingredients by truck and rail, and higher ocean freight from the Gulf adds to delivered costs for importers of US corn and soybean meal.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-02-15 | [Grain Transportation Report, February 15, 2024](https://feedsoft.ai/events/16561-grain-transportation-report-february-15-2024.md) | -2.0% | -3.4% |
| DIESEL | 2024-07-11 | [Grain Transportation Report, July 11, 2024](https://feedsoft.ai/events/16528-grain-transportation-report-july-11-2024.md) | -1.2% | -7.1% |
| DIESEL | 2025-05-15 | [Grain Transportation Report, May 15, 2025](https://feedsoft.ai/events/24844-grain-transportation-report-may-15-2025.md) | -3.0% | +0.2% |
| DIESEL | 2023-06-29 | [Grain Transportation Report, July 27, 2023](https://feedsoft.ai/events/16617-grain-transportation-report-july-27-2023.md) | +2.9% | +20.3% |
| DIESEL | 2021-03-25 | [Grain Transportation Report, March 25, 2021](https://feedsoft.ai/events/10764-grain-transportation-report-march-25-2021.md) | -2.8% | +2.2% |
| WTI | 2023-07-27 | [Grain Journal \| USDA Grain Transportation Report (7/27): Panama Canal…](https://feedsoft.ai/events/34948-grain-journal-usda-grain-transportation-report-7-27-panama-canal.md) | +0.6% | -0.1% |
| WTI | 2022-02-24 | [Market Perspectives – February 24, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/42611-market-perspectives-february-24-2022-page-9-of-10-u-s-grains-and-bioproducts.md) | +20.2% | +24.7% |
| WTI | 2022-05-01 | [Grain industry continues to face logistical challenges](https://feedsoft.ai/events/41308-grain-industry-continues-to-face-logistical-challenges.md) | +4.9% | +9.9% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.02-24-2022

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