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A new grain export transload facility opened at the Port of Milwaukee on July 18, mainly to ship distillers' dried grains with solubles to international markets. The U.S. average diesel price rose 9.9 cents to $3.905 per gallon in the week ending July 24, its largest weekly increase since October 2022.
The new Great Lakes DDGS outlet adds export capacity for Wisconsin ethanol byproducts, and higher diesel raises trucking and freight costs for feed movement.
Not enough comparable past events yet for a historical read.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
