
USDA's Grain Transportation Report shows record year-to-date grain rail carloads, up 16% from last year. Rail fuel surcharges hit a record 61 cents per mile in July, and St. Louis barge rates reached $25.62 per ton.
Gulf-to-Japan ocean freight climbed to $69.75 per metric ton.
Rising rail, barge and ocean freight costs reduce the net value of grain reaching producers and can widen basis discounts. Higher freight also raises delivered costs for importers.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.