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USDA's Grain Transportation Report for the week ending December 10 showed total corn, wheat and soybean inspections for export at 3.6 million tonnes, down 10% week on week but up 37% year on year. Rail deliveries of grain to U.S. ports rose 122% from a year earlier over the last four weeks.
Strong export inspections and rail movement indicate robust U.S. grain flow, supporting nearby basis and export demand, while rail capacity is no longer a constraint.
doi.orgMatt Chang, Matt, Matt Chang, Matt, Kranti Mulik, KrantiDec 17, 2020After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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 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.
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.
