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USDA's Grain Transportation Report estimates that as of September 1, 2020, farmers and commercial facilities held 7.6 billion bushels of grain, down 8% from last year. NASS projects 19.4 billion bushels of new-crop corn, soybeans and sorghum in 2020/21, up 11%.
Harvest timing and storage levels shape rail and barge demand for grain, and a larger new crop points to heavier shipping needs in coming months.
doi.orgOct 22, 2020Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
