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The USDA Grain Transportation Report for March 2020 says most movement and price indicators across rail, barge and ocean are down so far in 2020 versus 2019 and historical averages. Rail grain carloads are down 8 percent year to date, though they have ticked up recently, and railcar bids are well below average.
Weak grain shipments and low freight rates reflect soft export demand, which tends to weigh on basis and bids for feed grains at inland locations.
grainjournal.comMar 20, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), 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.
