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USDA's Grain Transportation Report says third-quarter 2019 grain inspections for export fell 18% year over year to 25.8 million metric tons, with corn inspections down sharply while soybean inspections hit an all-time quarterly high. The Arkansas River reopened to navigation on October 2 after dredging and lock repairs, with 51 barges transiting Lock 1 in the week ending October 12.
Sharply lower corn export inspections signal weaker export demand and more domestic supply, while record soybean shipments support soy export flows. Barge capacity improvements on the Arkansas support Gulf-bound logistics.
doi.orgOct 17, 2019After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
