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On March 15, 2023, the Surface Transportation Board approved the Canadian Pacific and Kansas City Southern merger with conditions, creating the first single-line rail service across Canada, the US and Mexico. The STB said the merger should facilitate grain flows from the Midwest to the Gulf Coast and Mexico.
The report also noted 2022 barged grain tonnage finished 8 percent below the 5-year average.
Better rail connectivity to the Gulf and Mexico could ease grain movement and reduce logistics bottlenecks for feed buyers. The direct price effect is limited, but smoother flows support export competitiveness.
doi.orgMar 16, 2023Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% 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.
