# Grain Transportation Report, October 31, 2019

> For the week ending October 24, US grain inspections for export totaled 2.58 million metric tons, unchanged week on week and 19% below the 3-year average. Corn inspections fell 34% and wheat fell 10%, while soybean inspections rose 18%. Panama Canal tonnage in fiscal 2019 rose 6.2% year on year.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/56478-grain-transportation-report-october-31-2019
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak corn and wheat export inspections signal softer foreign demand for US supplies, which is bearish for those prices, while the soybean rebound offers some support.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-10-17 | [Grain Transportation Report, October 17, 2019](https://feedsoft.ai/events/56458-grain-transportation-report-october-17-2019.md) | -1.0% | -2.0% |
| CORN | 2022-10-20 | [Grain Transportation Report, October 20, 2022](https://feedsoft.ai/events/39304-grain-transportation-report-october-20-2022.md) | -0.2% | -1.1% |
| CORN | 2021-10-01 | [Grain Transportation Report, October 21, 2021](https://feedsoft.ai/events/44415-grain-transportation-report-october-21-2021.md) | +0.7% | +3.7% |
| CORN | 2022-10-27 | [Grain Transportation Report, October 27, 2022](https://feedsoft.ai/events/39334-grain-transportation-report-october-27-2022.md) | -2.0% | -2.6% |
| CORN | 2019-09-26 | [Grain Transportation Report, September 26, 2019](https://feedsoft.ai/events/56993-grain-transportation-report-september-26-2019.md) | -0.9% | +0.8% |
| WHEAT | 2019-09-26 | [Grain Transportation Report, September 26, 2019](https://feedsoft.ai/events/56993-grain-transportation-report-september-26-2019.md) | +0.9% | -0.9% |
| WHEAT | 2018-05-03 | [Grain Transportation Report, May 3, 2018](https://feedsoft.ai/events/64904-grain-transportation-report-may-3-2018.md) | -3.3% | -1.0% |
| WHEAT | 2019-02-21 | [Grain Transportation Report, February 21, 2019](https://feedsoft.ai/events/60482-grain-transportation-report-february-21-2019.md) | -3.2% | +0.7% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.10-31-2019

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.