USDA Grain Transportation Overview by Sector: 11/1/18

This article has been reprinted from the Nov. 1 USDA Grain Transportation Report.

Export Sales

For the week ending October 18, unshipped balances of wheat, corn, and soybeans totaled 32.5 mmt, down 8 percent from the same time last year.

Net weekly wheat export sales were .443 mmt, down 7 percent from the previous week.

Net corn export sales were .350 mmt, down 9 percent from the previous week.

Net soybean export sales were .213 mmt, down 28 percent from the past week.

Rail

U.S. Class I railroads originated 22,431 grain carloads for the week ending October 20; up 1 percent from the previous week, down 7 percent from last year, and down 11 percent from the 3-year average.

Average November shuttle secondary railcar bids/offers, per car, were $25 above tariff for the week ending October 25, down $56 from last week, and $141 higher than last year.

Average non-shuttle secondary railcar bids/offers were $13 above tariff, down $50 from last week.

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

Barge

For the week ending October 27, barge grain movements totaled 399,684 tons, 40 percent higher than the previous week and down 54 percent from the same period last year.

For the week ending October 27, 242 grain barges moved down river, 86 more than the previous week.

There were 683 grain barges unloaded in New Orleans, 18 percent lower than the previous week.

Ocean

For the week ending October 25, 33 ocean-going grain vessels were loaded in the Gulf, 8 percent less than the same period last year.

Fifty-two vessels are expected to be loaded within the next 10 days, 4 percent more than the same period last year.

For the week ending October 25, the ocean freight rate for shipping bulk grain, from the Gulf to Japan, was $49.25 per metric ton, 1 percent less than the previous week.

The cost of shipping, from the PNW to Japan, was $27.50 per metric ton, 1 percent less than the previous week.

Fuel

For the week ending October 29, the U.S. average diesel fuel price decreased 2.5 cents, from the previous week, to $3.355 per gallon, 53.6 cents above the same week last year.