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The USDA Grain Transportation Report for December 16, 2021 covers containerized grain exports, which are up year over year but have fallen most months since January's peak. Inland bottlenecks and tight ocean container capacity have raised costs and delays for exporters.
The report also notes a governors' initiative to ease trucking rules.
Higher container freight and inland delays raise the cost of getting U.S. grain to overseas buyers, which can widen export basis and weigh on farm prices. Tight container supply is a continuing cost pressure for exporters.
doi.orgDec 16, 2021Not 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.
