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USDA's Grain Transportation Report for the week ending February 25 showed total grain inspections for export of 2.8 million tonnes, up 14 percent week over week and 28 percent year over year. Corn inspections jumped 29 percent, while soybean inspections rose 4 percent and wheat fell 16 percent.
A USDA study also examined Brazil's shifting modal shares for corn and soybean transport.
Strong US export inspections point to firm demand for corn and soybeans, supporting prices, while Brazil's infrastructure limits highlight persistent logistics constraints on competing supply.
doi.orgMatt Chang, Matt, Matt Chang, MattMar 4, 2021After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 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.
