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USDA's Grain Transportation Report says US Class I railroads originated 27% more grain carloads over the last 10 weeks than a year earlier. Mississippi River grain shipments to the Gulf reached 8.5 million tons year to date, 53% above last year and the highest since 2003.
Bulk ocean freight rates and diesel prices have risen on strong transport demand.
Tight barge and rail capacity and higher freight and fuel costs raise the delivered cost of grain and feed ingredients. Strong logistics demand signals robust export movement.
doi.orgMatt Chang, Matt, Matt Chang, MattMar 25, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
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.
