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The American Farm Bureau warned of transportation bottlenecks from driver shortages, high diesel prices, and low water on the Mississippi and Ohio–Missouri river system. A rail strike could begin as early as November 19, and diesel prices are expected to rise into early next year.
Higher diesel costs and possible rail disruption raise the cost of moving grain and inputs and can slow shipments. Combined with barge constraints, this supports freight-linked price premiums.
brownfieldagnews.comadminNov 7, 2022After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
