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USDA's Grain Transportation report for the week ending January 14 shows rail and barge grain shipments at 3.3 million metric tons, down 6% week on week but up 51% year on year. Barge shipments totaled 914,800 tons, up 40% on the week and 76% on the year, while Class 1 railroads originated 27,700 grain carloads.
Strong year-over-year grain shipments point to healthy export and domestic movement, supporting firm basis levels. The weekly rebound in barge volume also tightens river capacity.
rrfn.comCarah HartJan 22, 2021Not enough comparable past events yet for a historical read.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% 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.
