Higher diesel prices are raising agricultural transportation costs even as grain shipment demand remains strong. USDA projects fall grain supplies 4% above the recent average, and barge transport costs rose 50% in the third quarter while ocean freight also increased.
Higher freight and storage costs widen the basis and raise delivered feed costs for buyers, while elevated financing needs for storage pressure local bids.
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, DIESEL moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
After 359 past bearish logistics events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.