Thursday, March 14, 2013
ferguson_625-00-245_ms_river_barge_traffic_towboat_aerial

U.S. Grain Transportation: Projected Wheat, Corn Exports Lowered

AgFax.Com - Your Online Ag News Source


In its March World Agricultural Supply and Demand Estimates, USDA projected wheat exports to reach 1,025 million bushels (mbu)—25 mbu or 2 percent lower than last month’s estimate.

 

USDA lowered the corn export projection to 825 mbu—75 mbu or 8 percent lower than last month, 46.5 percent lower than last year, and 57 percent lower than the 5-year average. Lower trade estimates mainly reflect the slow pace of sales and shipments. Corn feed use was raised 100 mbu due to the expansion of the poultry sector.

Higher domestic use could imply stronger short-term demand for trucking services. According to USDA modal share analysis, between 2006 and 2010, trucks moved, on average, 76 percent of domestically-used corn; rail moved an average of 23 percent, and barge share was only about 1 percent. In contrast, during the same period, barges moved an average of 53 percent of export-bound corn, rail moved 38 percent, and trucks accounted for only 9 percent.

Snapshots by Sector

Rail
U.S. railroads originated 17,289 carloads of grain during the week ending March 2, up 2 percent from last week, down 22 percent from last year, and 24 percent lower than the 3-year average.

During the week ending March 7, average March non-shuttle secondary railcar bids/offers per car were $6.50 below tariff, up $8.50 from last week, and $2.50 lower than last year. Average shuttle bids/offers were $31.50 below tariff, up $24 from last week, and $84.50 higher than last year.

Barge
During the week ending March 9, barge grain movements totaled 560,315 tons, 66 percent higher than the previous week but 5.6 percent lower than the same period last year.

During the week ending March 9, 376 grain barges moved down river, up 72.5 percent from last week; 380 grain barges were unloaded in New Orleans, down 24.5 percent from the previous week.

Ocean
During the week ending March 7, 34 ocean-going grain vessels were loaded in the Gulf, 3 percent more than the same period last year. Forty vessels are expected to be loaded within the next 10 days, 5 percent more than the same period last year.

During the week ending March 8, the ocean freight rate for shipping bulk grain from the Gulf to Japan was $48 per mt, up 2 percent from the previous week. The cost of shipping from the Pacific Northwest to Japan was $25 per mt, unchanged from the previous week.

Fuel
During the week ending March 11, U.S. average diesel fuel prices were down 4 cents from the previous week at $4.09 per gallon—4 cents lower than the same week last year.

Containerized Grain Exports
Containerized grain exports to Asia in December totaled more than 40,000 20-foot equivalent units—30 percent lower than the previous year, 4 percent lower than the 4-year average, but 2 percent higher than November movements.

Full Report

Tags: , , , , , ,


Leave a Reply

Name and Email Address are required fields. Your email will not be published or shared with third parties.

Sunbelt Ag News

    AgFax Grain Review: Diseases Developing Fungicide Resistance; Positive Outlook for Soybeans10-31

    Rice Market: Unexpected Action in Futures This Week10-31

    Rice Crop: Texas 2nd Crop Not Very Promising10-31

    Grain TV: Basis Levels Improve10-31

    AFB Grain-Soybean Close: Wheat Down, Gains in Corn, Soybeans10-31

    AFB Cotton Close: Futures Retrace Wed. Gains10-31

    AFB Rice Close: Futures End on Positive Note10-31

    South Carolina Cotton: Southern Southeastern Annual Meeting, Hilton Head, Jan. 21-2410-31

    Cleveland on Cotton: Goblins Keep Coming – Look for Jan. Rally10-31

    DTN Livestock Close: Short-Covering Boosts Live Hog Futures10-31

    BT Soybeans: MON 87751 Gets Non-Regulated Status by APHIS10-31

    AgFax Rice Review: Drought Hammers Cali. Crop; Surface Ozone Reduces Yields10-31

    Crop Tech: Orange Corn; BT-Soybeans; Frozen Oats – DTN10-31

    Grain Farming Economics Look Grim for 2015 – DTN10-31

    Crop Insurance: 3rd Option for Crop Payment Yield Update10-31

    DTN Cotton Close: Mixed After Late Rally10-31

    Mississippi Wildlife: Responsible Hunting Maintains Future Populations10-31

    DTN Grain Close: Soybean Complex Ends Week Higher10-31

    Mississippi Pecans: Off Year May Impact Holiday Volume10-31

    USDA: Peanut Price Highlights10-31

    Georgia Pecans: Good Demand, Lighter Crop Expected10-31

    Four States Cattle Conference Set Dec. 10 in Texarkana, Ark.10-31

    DTN Livestock Midday: Live Cattle Contracts Shift Lower10-31

    DTN Grain Midday: Corn, Wheat Trading Lower10-31

    AgFax Wildlife Review: Wild Hogs Could Put Scare in Trick-or-Treaters10-31

    DTN Cotton Open: Futures Dip Near Session Low10-31

    DTN Dried Distillers Grain: No Rally in Prices Expected10-31

    DTN Livestock Open: Cattle Contracts to Begin Firm10-31

    North Carolina: Irrigation Conference Slated Nov. 6 in Raleigh10-31

    DTN Grain Open: Soybeans Start Out Higher10-31

    Keith Good: Turkey Investigates U.S. Cotton Imports, Demand May Suffer10-31

    Doane Cotton Close: Strong Exports Continue10-30

    ELS Cotton Competitive Payment Rate Is Zero10-30

    Biodiesel: 2014 A Tough Year for Producers10-30

    Kansas Officials Point Out Flaws in Clean Water Act – DTN10-30

    Future Farmers Face Major Challenges, Ag Sec Tells FFA – DTN10-30

    U.S. Grain Transportation: Barge Rates Remain Well Above Average10-30

    Mississippi: Fall Tests for Nematodes Help Keep Crops Healthy10-30

    California’s SJV Included in Report on Soil Loss Due to Salt Damage10-30

    U.S. Energy: Gas Prices Drop to Lowest Since December 201010-30

    Gasoline Prices: Average Drops 6 Cents10-30

    Propane Stocks: Down 1.3M Barrels10-30

    Diesel Prices: Decrease by 2 Cents10-30

    New Research Study Shows the Value of Neonics10-30

    Texas: Pecos County Pesticide Workshop, Fort Stockton, Nov. 1810-29

    Florida: Sugarcane Field Day, Quincy, Nov. 310-29

    Texas Wildlife: New Deer Management App Just in Time for Deer Season10-29

    Peanut Stocks: Utilization Up 6%, Stocks Total 1.2B Pounds10-29

    Texas Pecans: Fairly Light Deliveries, Good Demand10-29

    Louisiana Pecans: Deliveries Insufficient to Establish Prices10-29

    Georgia: Brooks County Clean Day Rescheduled to Nov. 1210-29

    AgFax Cotton Review: U.S.’s High Quality Offers Market Resilience10-29

    Georgia: USDA Designates Early County Primary Natural Disaster Area10-29

    Why Chinese Consumers Pay More for Non-GMO Soy Oil – DTN10-29

    DTN Fertilizer Outlook: Demand May Fall with Crop Prices10-29

    Grain Math – Can you Pass the Test? – DTN10-29

    Welch on Wheat: Crop Condition Right on Average10-28

    Welch on Grain: Corn Harvest Runs Behind but Conditions Remain High10-28

    USDA: Weekly National Peanut Prices10-28

    Mississippi Wild Hogs: Trapping Is the Best Control Method10-28

    DTN Fertilizer Trends: Stubborn Prices Pose Dilemma for Grain Farmers10-28

    Corn Prices: How Do You Handle a Nervous Market? — DTN10-28

    Georgia Peanuts: Spider Mite Damage Rises in Dry Weather10-28

    Sunbelt Ag Events

     

    About Us

    AgFax.Com covers agricultural trends and production topics, with an emphasis on news about cotton, rice, peanuts, corn, soybeans, wheat and tree crops, including almonds, pecans, walnuts and pistachios.

      

    This site also serves as the on-line presence of electronic crop and pest reports published by AgFax Media LLC (formerly Looking South Communications).

        

    Click here to subscribe to our free reports.

      

    We provide early warnings and confirmations about pests, diseases and other factors that influence yield. Our goal is to quickly provide farmers and crop advisors with information needed to make better and more profitable decisions.

         

    Our free weekly crop and pest advisories include:

    • AgFax Midsouth Cotton, covering cotton production and news in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Missouri.

    • AgFax Southeast Cotton, covering cotton production and news in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.

    • AgFax Southwest Cotton (new for 2013!), covering cotton production and news in Texas, Oklahoma, Kansas and New Mexico.

    • AgFax West (formerly MiteFax: SJV Cotton), covering California cotton, alfalfa, tomatoes and other non-permanent crops in California's Central Valley.

    • AgFax Rice covering rice production and news in Arkansas, Louisiana, Mississippi, Missouri and Texas.

    • AgFax Peanuts, covering peanut production in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Texas and Virginia.

    • AgFax Southern Grain: covering soybeans, corn, milo and small grains in Southern states.

    • AgFax Almonds, covering almonds, pistachios, walnuts and other tree crops in California's Central Valley.

    • AgCom 101, providing guidance to ag professionals involved in social media.

    Our newsletters are sponsored by the following companies: FMC Corporation Chemtura Dow AgroSciences.

          

    Mission statement:

    Make it as easy as possible for our community of readers to find and/or receive needed information.

              

    Contact Information:

    AgFax Media. LLC

    142 Westlake Drive Brandon, MS 39047

    601-992-9488 Office 601-992-3503 Fax

    Owen Taylor Debra L. Ferguson Laurie Courtney

          

    Circulation Questions?

    Contact Laurie Courtney