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Industry experts at the Grain and Feed Association of Illinois convention said transportation challenges should be fewer in 2023 than in 2022. Barge freight rates have eased from historic highs last fall, and trucking rates were about 8 percent lower as of February 21 than a year earlier.
Higher interest rates were cited as a key cost challenge for grain handlers.
Lower freight costs improve grain handling margins and reduce delivered feed costs. Higher borrowing costs for inventory are a counterweight for elevators.
ibjonline.comMar 10, 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.
