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USDA's Grain Transportation Report says corn and soybean export sales for 2020/21 are rising, with accumulated corn exports up 58% year over year and China taking 43% of corn exports. Wheat export sales are also growing slowly.
Stronger export demand raises barge and rail freight needs and supports US corn and soybean prices, which feeds into feed costs.
doi.orgOct 1, 2020After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
Not enough comparable past events yet for a historical read.
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.
