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A Grain Journal article reprinting the USDA Grain Transportation Report summarizes 2019 export transport demand. Barge grain shipments to New Orleans fell 23% from 2018 to 29.25 million tons, and total grain inspections were about 117 mmt, 12% below 2018, after extreme Midwest weather disrupted flows.
Weaker export transport demand and lower barge volumes reflect 2019 weather and trade disruption, suggesting reduced Gulf export competitiveness and softer barge freight demand going into 2020.
grainjournal.comJan 30, 2020Not enough comparable past events yet for a historical read.
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.
