Demand For Corn Pushes Grain Barge Tonnages to Record High Last Week

For the week ending May 8, year-to-date (YTD) total barged grain movements reached a record-high 14.5 million tons, 47% higher than last year, 33% higher than 5-year average, and 38% higher than the 10-year average (GTR table 10).

The exceptionally high YTD tonnage mostly reflects a high demand for corn exports.

At 10.4 million tons, YTD total barged corn movements also set a record.

This total was 98% higher than last year, 65% higher than the 5-year average, and 77% higher than the 10-year average.

A couple of factors contributed to the high grain and corn totals: First, water conditions that had complicated barge logistics earlier this year have substantially improved.

Second, the Asian market, especially China, has shown a continuously strong demand for imported grain.

This article comes from U.S. Department of Agriculture's May 13, 2021, Grain Transportation Report.

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