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US Class I railroads originated 28,523 grain carloads for the week ending April 11, down 7% week on week. Barged grain reached 719,627 tons for the week ending April 18, up 43% week on week, and Gulf-to-Japan freight rose to $67.25 per tonne.
Stronger barge volumes and higher ocean freight rates raise transport costs for grain exporters. Firmer freight tends to widen export basis and can support Gulf grain prices.
Not enough comparable past events yet for a historical read.
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.