Ocean Grain Vessel Shipment Stalls, But Unshipped Exports Indicate Recovery
This article is reprinted from the USDA's May 8 Grain Transportation Report.
For the week ending April 24, unshipped balances of corn (9.9 mmt) and soybeans (2.7 mmt) were 42 percent and 58 percent above this time last year, respectively.
Ocean vessel activity, however, is currently below what it was at this time last year.
During the week ending May 1, 35 grain vessels were loaded in the Gulf, down 22 percent from last year.
Forty-seven vessels were due within the next ten days, down 23 percent from last year.
The unshipped corn and soybean export balances are likely to revive ocean vessel activity in the coming summer months to meet export grain commitments.
For more information, call Surajudeen (Deen) Olowolayemo, USDA, at 202-690-1328.
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