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USDA's Grain Transportation Report year-end feature reviews 2022 challenges, including historically low water levels, poor rail service and record fuel prices. It notes that year-to-date grain export inspections as of December 22 were about 125.5 million metric tons, slightly below 2021's near-record pace.
USDA also submitted eight letters to the Surface Transportation Board on rail service.
Slower export inspections and higher freight costs widen the gap between farm-gate and export prices. Persistent rail and barge constraints raise transport costs that flow back into bids to farmers.
doi.orgDec 29, 2022Not 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.
