Loading…
USDA's August 1 Grain Transportation Report covers the STB request to BNSF on its fall harvest plans, including rail capacity, staffing and Mexican rail disruptions. It also notes the Port of Long Beach $1.5 billion container railyard project.
Concerns over rail capacity and high freight rates into harvest can widen Upper Midwest basis and raise delivered feed grain costs.
doi.orgAug 1, 2024Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, CORN moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), 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.
