Grain Transportation Overview By Sector: 12/7/17

This article has been reprinted from the Dec. 7 Grain Transportation Report.

Export Sales

For the week ending November 23, unshipped balances of wheat, corn, and soybeans totaled 33.4 mmt, down 21 percent from the same time last year. 

Net weekly wheat export sales were .184 mmt, down 8 percent from the previous week. 

Net corn export sales were .599 mmt, down 45 percent from the previous week, and net soybean export sales were .943 mmt for the same period, up 9 percent from the previous week.

Rail

U.S. Class I railroads originated 18,771 grain carloads for the week ending November 25, down 14 percent from the previous week, down 17 percent from last year, and down 12 percent from the 3-year average.

There were no shuttle and non-shuttle secondary railcar bids/offers this week.

Barge

For the week ending December 2, barge grain movements totaled 709,219 tons, 40 percent lower than the previous week, and down 33 percent from the same period last year.

For the week ending December 2, 455 grain barges moved down river, down 39 percent from last week. 

863 grain barges were unloaded in New Orleans, 1 percent lower than the previous week.

Ocean

For the week ending November 30, 43 ocean-going grain vessels were loaded in the Gulf, 14 percent less than the same period last year. 

Forty-two vessels are expected to be loaded within the next 10 days, 44 percent less than the same period last year.

For the week ending November 30, the ocean freight rate for shipping bulk grain from the Gulf to Japan was $44.25 per metric ton.

The cost of shipping from the PNW to Japan was $24.75 per metric ton.

Fuel

During the week ending December 4, average diesel fuel prices were almost unchanged from the previous week at $2.92 per gallon, 44 cents above the same week last year.