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Grain and Feed Association of Illinois experts said barge and trucking freight rates have eased from record highs seen last fall, with trucking rates down about 8% year over year as of February 21. Higher interest rates were identified as the main current challenge for grain handlers.
Lower freight costs ease transport expenses for interior grain movement, but higher borrowing costs raise the carrying cost of grain inventory, a factor that can narrow handling margins.
agrinews-pubs.comDaniel GrantApr 3, 2023Not 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.
