Thursday, June 19, 2014
ferguson_625-00-203_ms_river_towboat_moving_barge

U.S. Grain Transportation: High Water Levels Slow Barge Traffic

AgFax.Com - Your Online Ag News Source


Rain during the first half of June caused high water levels on the Mississippi River. Extreme rain events have caused river level fluctuations throughout the central United States. The U.S. Army Corps of Engineers, St. Paul District, closed three Minneapolis locks to commercial navigation on June 16.




This is the fourth time this season that the three Minneapolis locks — Upper and Lower St. Anthony Falls locks and dams and Lock and Dam 1 — have been closed to commercial navigation because of water conditions.

River levels came within 4 feet of flood stage on June 12 in St. Louis, Mo.; however, water levels there have since receded. Delays are slowing barge traffic at Melvin Price Locks and Dam, near St. Louis, until repairs can be completed in mid-August.

Nevertheless, grain barge tonnages are up from last year, when quantities of grain were reduced by the 2012 drought.

Soybean Inspections Rebound

For the week ending June 12, total inspections of soybeans totaled .224 million metric tons (mmt), up 73 percent from the past week and 215 percent above the same time last year.

Soybean inspections increased in the Mississippi Gulf and the Interior, with increased shipments to Asia and Mexico. Inspections of wheat and corn, however, were down 24 and 5 percent, respectively, from the previous week. Total inspections of grain (corn, wheat, and soybeans) for export from all major export regions reached 1.7 1 m mt, down 5 percent from the past week, but 70 percent above last year and 17 percent above the 3-year average.

Grain inspections during the last 4 weeks are 4 percent above last year, and year-to-date inspections are up 52 percent from last year.

China Rejects P3 Network

Maersk Line reported on June 17 that China’s Ministry of Commerce announced it would not approve the P3 Network. P3 was a long-term operational vessel-sharing agreement proposed by Mediterranean Shipping Company, CMA CGM, and Maersk Line.

As a result of this announcement, the member carriers have “agreed to stop the preparatory work on the P3 Network and the P3 Network as initially planned will not come into existence.” This announcement comes after the U.S. Federal Maritime Commission (FMC) and its EU counterpart had both agreed to allow the P3 alliance to be established but had stated they would monitor the market closely for anti-competitive behavior.

Port of Oakland Requests Changes to Agreement with FMC

The Port of Oakland has filed an amendment to its Marine Terminal Operators agreement with FMC to give the terminal operators authority to discuss and agree on a potential off-peak program. The FMC is looking for comments from the export community about this program and how it could affect business and services through the Port of Oakland. See the FMC’s Federal Register Notice for more detail.

Snapshots by Sector

  • Rail U.S. railroads originated 17,568 carloads of grain during the week ending June 7, down 11 percent from last week, up 16 percent from last year, and down 5 percent from the 3-year average. During the week ending June 12, average June non-shuttle secondary railcar bids/offers per car were $50 below tariff, down $50 from last week and $50 lower than last year. Average shuttle secondary railcar bids/offers per car were $800 above tariff, up $375 from last week and $ 70 0 higher than last year.
  • Barge During the week ending June 14 barge grain movements totaled 652,352 tons — 17.7 percent lower than the previous week but 72.5 percent higher than the same period last year. During the week ending June 14, 416 grain barges moved down river , down 15.8 percent from last week; 592 grain barges were unloaded in New Orleans, up 5 percent from the previous week.
  • Ocean During the week ending June 12, 31 ocean-going grain vessels were loaded in the Gulf, 29 percent more than the same period last year. Twenty-nine vessels are expected to be loaded within the next 10 days, 12 percent less than the same period last year. During the week ending June 13, the ocean freight rate for shipping bulk grain from the Gulf to Japan was $44 per mt, down 2 percent from the previous week. The cost of shipping from the PNW to Japan was $23 per mt, down 4 percent from the previous week .
  • Fuel During the week ending June 16, U.S. average diesel fuel prices decreased 1 cent from the previous week to $3.88 per gallon — up 4 cents from the same week last year.

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

    Feed Outlook: Record Corn Crop on Higher Yields9-15

    DTN Livestock Close: Futures Settle with Mixed Price Action9-15

    Doane Cotton Close: Post-Report Strength Wanes9-15

    DTN Cotton Close: Tumbles to Steep Losses9-15

    Corps of Engineers Vindicated in ’11 Missouri River Basin Flood — DTN9-15

    DTN Grain Close: Corn, Soybeans Higher in Mild Trade9-15

    Cotton Outlook: U.S. Production Cut Nearly 1M Bales9-15

    Oil Crops Outlook: U.S. Soybean Yields To Raise Ending Stocks to 8-Year High9-15

    Wheat Outlook: Higher Imports, Decreased Exports9-15

    DTN Livestock Midday: Mixed Prices Hold Across Complex9-15

    Good on Grain: Revisions to Corn, Soybean Acreage Estimates Possible9-15

    Choose Your Cover Crops Carefully — DTN9-15

    DTN Grain Midday: Corn, Soybeans Slightly Higher9-15

    GMO Critics to Get Their Say at D.C. Hearings — DTN9-15

    Arkansas Forage and Grassland Council Conference Set Oct. 30 in Conway9-15

    DTN Cotton Open: Falls to Sharp Losses on Brisk Volume9-15

    Arkansas Winter Forages: What to Plant and How Much9-15

    DTN Grain Open: Starting the Week Lower Again9-15

    DTN Livestock Open: Futures Staged for Mixed Start9-15

    Flint on Crops: Variety Trials are Worth Your Attention9-15

    Kansas Farmers Can Pursue Prizes for Soybean Yields, Values9-15

    Keith Good: Cargill Sues Syngenta Over GMO Corn Rejected by China9-15

    Farmland Auction: Arkansas, Louisiana, Mississippi Cropland – October 229-14

    Cotton – Southeast – More Cotton Defoliation; Rains Come Too Late – AgFax9-12

    Cotton – Midsouth – Picking Starts, More Cotton Defoliation Begins – AgFax9-12

    Soybeans – South – Variable Soybean Loopers; More Beans Cut – AgFax9-12

    Rice Crop: Harvest Zooms Along in Texas, Louisiana, Starts to Pick Up in the Delta9-12

    Rice Market: USDA Chops 11.5M CWT from Total Supply9-12

    Rose on Cotton: USDA Released a Bearish S&D Report9-12

    Environmental Groups Sue EPA Over Delay in Chlorpyrifos Ban – DTN9-12

    Cleveland on Cotton: Growers, Do Not Price Your Crop Right Now.9-12

    Welch on Wheat: U.S. and World Ending Stocks Increase9-12

    Welch on Grain: Increased Corn Production, Carryover9-12

    AFB Grain-Soybean Close: Soybeans Up, Wheat Lower, Corn Mixed9-12

    AFB Cotton Close: Slight Losses in Dec.9-12

    AFB Rice Close: Futures See More Solid Gains9-12

    Railroad Criticism a Long-Standing Refrain Among Farmers9-12

    Texas Sorghum: Sugarcane Aphids Confirmed on Southern High Plains9-12

    USDA: Peanut Price Highlights9-12

    AgFax Rice Review: New Reservoir for Texas Growers; Continued Drought Problems in California9-12

    Peanut Harvest Gains Momentum In SE, Starts In Delta – AgFax9-12

    Small Farms and the Affordable Care Act9-12

    Georgia: Plains Peanut Festival, September 27, Celebrates Peanuts And Legacy9-12

    Mississippi Outdoors: Litter is Illegal, Unattractive and Even Harmful9-12

    Farming on the Mother Road: Farmers Becoming Sparse in California — DTN9-12

    Cattle at the Crossroads: Impact of Herd Expansion9-12

    Georgia Gains Section 18 To Apply Transform On Grain Sorghum For Sugarcane Aphids9-12

    U.S. Grain Transportation: Total Inspections Highest Since May9-12

    Nimitz, Non-Fumigant Nematicide, Gains EPA Registration9-12

    Grain Transportation: Congress Attempts to Find Rail Delay Solution – DTN9-11

    Texas: Growers Get Financial Help with Organic Certification9-11

    USDA Pegs Average Corn, Soybean Yields at Record Highs – DTN9-11

    USDA: $328M to Conserve Wetlands and Farmland, Boost Economy9-11

    2nd Arkansas Soybean Grower Breaks 100 BPA, and State Record9-11

    Ethanol: 11th Hour RFS Campaigns – DTN9-11

    USDA Adds More Primary Natural Disaster Areas9-11

    Arkansas Soybean Producer Breaks 100-Bushel Barrier 2 Years In A Row9-11

    Shurley on Cotton: No Surprise — Crop Estimate Shrinks9-11

    USDA: Corn, Soybean Production Forecast Raised, Cotton Lowered9-11

    WASDE Cotton: U.S. Production Reduced 1M Bales9-11

    WASDE Rice: U.S. Supplies Reduced 11.5M CWT9-11

    WASDE Oilseeds: U.S. Soybean Projection Up 97M Bushels9-11

    WASDE Coarse Grains: U.S. Corn Production Boosted to 14,395M Bushels9-11

    WASDE Wheat: Projected U.S. Supplies Raised 10M Bushels9-11

    Delaware: Soybean Farmers Urge Neighbors to ‘Share the Road’9-11

    Farm Program Decisions: Choosing Between ARC-CO and PLC9-11

    Livestock: Cattle Market Is Extra Jumpy This Year – DTN9-11

    U.S. Energy: Demand for Ultra-Low Sulfur Diesel Likely to Rise9-11

    Gasoline Prices: Show Marginal Decrease9-11

    Propane Stocks: Inventories Down Slightly9-11

    Diesel Prices: Average Holds Steady9-11

    Farming on the Mother Road: Arizona Ranchers Crave Grass, Water — DTN9-11

    Soybeans, Corn in Midwest Facing Possible Early Frost – AgFax9-10

    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