Grain Transportation Overview by Sector: 6/14/18

This article has been reprinted from the June 14 USDA Grain Transportation Report.

Export Sales

For the week ending May 31, unshipped balances of wheat, corn, and soybeans totaled 26.6 mmt, up 34 percent from the same time last year.

As the marketing year ended, net weekly wheat export sales were negative .019 mmt from the previous week.

Net corn export sales were .836 mmt, down 16 percent from the previous week.

Net soybean export sales were .165 mmt, down 40 percent from the previous week.

Rail

U.S. Class I railroads originated 22,537 grain carloads for the week ending June 2, down 13 percent from the previous week and 1 percent from last year, but up 13 percent from the 3-year average.

Average June shuttle secondary railcar bids/offers, per car, were $163 above tariff for the week ending June 7, down $117 from last week, and $342 higher than last year.

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

Barge

For the week ending June 9, barge grain movements totaled 1,009,831 tons, 3 percent higher than the previous week, and up 39 percent from the same period last year.

For the week ending June 9, 649 grain barges moved down river, 34 barges more than the previous week.

There were 843 grain barges unloaded in New Orleans, 24 percent higher than the previous week.

Ocean

For the week ending June 7, 31 ocean-going grain vessels were loaded in the Gulf, 3 percent less than the same period last year.

Forty-two vessels are expected to be loaded within the next 10 days, 24 percent less than the same period last year.

For the week ending June 7, the ocean freight rate for shipping bulk grain, from the Gulf to Japan, was $43.00 per metric ton, 2 percent more than the previous week.

The cost of shipping, from the PNW to Japan, was $24.50 per metric ton, 1 percent more than the previous week.

Fuel

For the week ending June 11, the U.S. average diesel fuel price decreased 2 cents from the previous week to $3.27 per gallon, 74 cents higher than the same week last year.