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

    DTN Grain Open: Corn, Soybeans Begin Lower8-1

    Louisiana: Farmers Voice Concerns About Clean Water Act8-1

    Keith Good: ‘Exceptional’ Drought Now Covers 58% of California8-1

    DTN Livestock Close: Cattle Pits Crash in Face of Outside Markets7-31

    Doane Cotton Close: Crop Conditions Up, Prices Down7-31

    Soybeans: Conditions Favorable for Sudden Death Syndrome Development – DTN7-31

    AFB Grain-Soybean Close: Soybeans, Nearby Wheat Move Higher, Corn Falls7-31

    AFB Cotton Close: More Triple Digit Losses7-31

    AFB Rice Close: Mixed in Narrow Range7-31

    2 Safety Nets Could Protect Farmers from Low Prices, Say Economists7-31

    DTN Cotton Close: Skids to More New Lows7-31

    DTN Grain Close: Late Buying Lifts K.C. Wheat Prices7-31

    DTN Livestock Midday: Cattle Futures Slammed by Outside Markets7-31

    DTN Grain Midday: Soybeans Trading 2 to 6 Higher7-31

    U.S. Grain Transportation: Wheat, Corn Inspections for Export Sink7-31

    DTN Cotton Open: Falls to New Low in December7-31

    U.S. Energy: Global Growth in Gasoline Use Outpacing Diesel7-31

    Gasoline Prices: Decrease by 5 Cents7-31

    Propane Stocks: Continue to Rise7-31

    Diesel Prices: Average Drops a Penny7-31

    DTN Livestock Open: Bears to Continue Prowl in Lean Pit7-31

    Georgia Corn: Growers Warned About Southern Corn Rust7-31

    Corn Looking Good in Midwest; Soybeans Need Rain – AgFax7-30

    Cotton – Southwest Growers Seeing More Disease, Insects – AgFax7-30

    Cleveland on Cotton: Harvest Weather Dictates Market’s Next Big Move7-30

    First U.S. Soybean Crop for the Year Harvested in South Texas7-30

    DTN Fertilizer Trends: Slow Season Expected for Fertilizer Booking7-30

    Cotton In Southeast – Stink Bugs Build But Plant Bugs, Aphids Linger – AgFax7-30

    Peanut Stocks and Processing: Utilization Up 2% from Last Year7-30

    Virginia Ag Expo, Lottsburg, Aug. 77-30

    AgFax Cotton Review: Possible Rise in Chinese Imports; Pigweed Problems in Texas7-30

    Endangered Species Act Reform Passes House — DTN7-30

    USDA Preps for Possible Invasion by Old World Bollworm — DTN7-30

    On-Farm Operation Audit is Good Management Tool – DTN7-29

    Mississippi: MSU Wild Hog Research Needs Foresters, Farmers7-29

    USDA: Weekly National Peanut Prices7-29

    AgFax Grain Review: Chinese Trade Issues Continue; Navy to Purchase 37M Gallons of Biofuels7-29

    Crop Progress: Corn, Soybean Conditions Decline, Still at Historical Highs – DTN7-28

    DDGs: China Issues New Import Rules, U.S. Unlikely to Comply – DTN7-28

    Cattle: Minimizing the Risk of Scours — DTN7-28

    Good on Grain: Storing the 2014 Corn Crop7-28

    DTN Fertilizer Outlook: Domestic Ammonia Prices Down Slightly7-28

    Flint on Crops: Challenges for Farmers Keep Coming, Keep Changing7-28

    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