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The USDA Grain Transportation Report shows total grain inspections for export at 2.31 million tonnes for the week ending November 28, down 26% week on week and 14% year on year. Mississippi River lock volumes for the week ending November 30 reached 1.02 million tons, the highest weekly volume of 2019.
Heavy river barge volumes signal strong Mississippi movement that supports barge freight availability, while weaker weekly export inspections point to softer near-term US grain export demand.
doi.orgDec 5, 2019After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
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.
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.
