U.S. Class I railroads originated 26,268 grain carloads in the week ending Aug. 29, up 11% from last year.
Average September shuttle secondary railcar bids rose to $742 above tariff, and barged grain movements fell 33% in the week ending Sept. 5.
Gulf ocean loadings were 23% below last year's pace.
Higher rail bids and slower barge movements raise the cost of moving grain from the interior to export positions, which can pressure basis and farm prices. Reduced vessel loadings point to slower export pace in the near term.
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.