Grain Transportation Overview By Sector: 5/10/18

This article has been reprinted from the May 10 USDA Grain Transportation Report.

Export Sales

For the week ending April 26, unshipped balances of wheat, corn, and soybeans totaled 34.2 mmt, up 32 percent from the same time last year. 

Net weekly wheat export sales were .235 mmt, down 21 percent from the previous week.

Net corn export sales were 1.02 mmt, up 46 percent from the previous week.

Net soybean export sales totaled .416 mmt, up 30 percent from the previous week.

Rail


U.S. Class I railroads originated 23,954 grain carloads for the week ending April 28; down 8 percent from the previous week, up 1 percent from last year, and up 13 percent from the 3-year average.

Average May shuttle secondary railcar bids/offers per car were $192 above tariff for the week ending May 3, down $408 from last week, and $396 higher than last year. 

Average non-shuttle secondary railcar bids/offers per car were $1,068 (only Union Pacific) above tariff. 

There were no non-shuttle bids/offers last week or this week last year.

Barge

For the week ending May 5, barge grain movements totaled 884,164 tons, 20 percent higher than the previous week, and up 172 percent from the same period last year.

For the week ending May 5, 595 grain barges moved down river, 122 barges more than the previous week. 

There were 690 grain barges unloaded in New Orleans, 5 percent higher than the previous week.

Ocean


For the week ending May 3, 33 ocean-going grain vessels were loaded in the Gulf, unchanged from the same period last year. 

Forty vessels are expected to be loaded within the next 10 days, 15 percent less than the same period last year.

For the week ending May 3, the ocean freight rate for shipping bulk grain from the Gulf to Japan was $44.25 per metric ton, unchanged from the previous week. 

The cost of shipping from the PNW to Japan was $24.00 per metric ton, unchanged from the previous week.

Fuel

For the week ending May 7, the U.S. average diesel fuel price increased 1 cent from the previous week to $3.17 per gallon, 61 cents higher than the same week last year.