# Grain Transportation Report, October 21, 2021

> US grain inspections in the third quarter of 2021 fell 29% year on year to 23.2 million mt, the lowest since 2015. Soybean inspections fell sharply as shipments to China receded, while corn inspections were slightly lower and wheat inspections rose. Gulf and Pacific Northwest volumes both declined.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/44415-grain-transportation-report-october-21-2021
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower soybean export volumes reflect weaker Chinese demand, which is bearish for US soybean prices and export basis. Lower rail and barge movements also point to softer logistics demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-20 | [Grain Transportation Report, October 20, 2022](https://feedsoft.ai/events/39304-grain-transportation-report-october-20-2022.md) | +0.7% | +4.1% |
| SOY | 2022-10-27 | [Grain Transportation Report, October 27, 2022](https://feedsoft.ai/events/39334-grain-transportation-report-october-27-2022.md) | +4.2% | +3.9% |
| SOY | 2020-05-21 | [Grain Transportation Report, May 21, 2020](https://feedsoft.ai/events/53011-grain-transportation-report-may-21-2020.md) | +0.0% | +3.1% |
| SOY | 2023-09-21 | [Grain Transportation Report, September 21, 2023](https://feedsoft.ai/events/16600-grain-transportation-report-september-21-2023.md) | -1.3% | -0.7% |
| SOY | 2021-12-01 | [Grain Transportation Report, December 30, 2021](https://feedsoft.ai/events/16744-grain-transportation-report-december-30-2021.md) | +2.7% | +11.4% |
| CORN | 2022-10-20 | [Grain Transportation Report, October 20, 2022](https://feedsoft.ai/events/39304-grain-transportation-report-october-20-2022.md) | -0.2% | -1.1% |
| CORN | 2022-10-27 | [Grain Transportation Report, October 27, 2022](https://feedsoft.ai/events/39334-grain-transportation-report-october-27-2022.md) | -2.0% | -2.6% |
| CORN | 2019-10-17 | [Grain Transportation Report, October 17, 2019](https://feedsoft.ai/events/56458-grain-transportation-report-october-17-2019.md) | -1.0% | -2.0% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.10-14-2021
- doi.org: https://doi.org/10.9752/ts056.10-21-2021
- doi.org: https://doi.org/10.9752/ts056.10-28-2021

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