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The American Soybean Association's chief economist says low Mississippi River levels and a potential rail strike are slowing soybean exports and raising costs. Corn Belt soybeans rely heavily on barge and rail to reach ports.
Soybean exports were valued above $27 billion in 2021.
Higher transport costs and slower export flows reduce the prices farmers receive, and they can widen the spread between domestic and export markets. A rail strike would further restrict movement to the Gulf.
soygrowers.comDec 1, 2022After 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.
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.
