Loading…
USDA's Grain Transportation Report shows Q1 2018 grain inspections for export at 31.3 million metric tons, down 12% from last year but 6% above the five-year average. Minor flooding on the Ohio and lower Mississippi restricted navigation, with daylight-only transit near Vicksburg and Baton Rouge.
Lower export inspections point to weaker foreign demand and competition abroad, while river restrictions raise barge transit times and freight costs for Gulf-bound grain, weighing on Gulf basis.
doi.orgAdam Sparger, Adam, Peter Caffarelli, Petera, Matt Chang, MattApr 12, 2018After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
