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USDA's Grain Transportation Report says rail grain carloads in April to June were 4 percent above last year and 15 percent above the prior three-year average. Year-to-date barge tonnage on the Mississippi, Ohio and Arkansas rivers remained strong, and ocean freight and diesel prices were above last year.
Strong grain movement keeps rail, barge and ocean freight demand firm, which can raise transport costs and narrow basis for feed buyers in the interior. USDA expects only slight production declines, so freight costs are likely to stay supported.
doi.orgJul 19, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 22 past neutral report events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% over 20.
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.
