Loading…
USDA's Grain Transportation Report for the week ending March 15 showed total corn, wheat and soybean export inspections of 2.37 million tonnes, down 15% week on week, with soybean inspections falling 47% to their lowest since July 2017. After weeks of flooding, Mississippi and Ohio river levels were receding, easing barge navigation, and barge spot rates declined.
Weaker soybean export inspections point to softer near-term export demand, while easing river conditions reduce barge freight pressure.
doi.orgMar 22, 2018After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
