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USDA data show total 2018 grain barge shipments on the locking Mississippi, Arkansas and Ohio rivers fell 7% to 37.98 million tons. Soybean barge movements dropped 24% on reduced China sales, wheat fell 20%, and corn rose 5%.
Weaker soybean and wheat barge volumes reflect soft export demand, while higher corn movements indicate firmer domestic and export corn flows.
m.fotoarslan.comFeb 7, 2019After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), 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.
