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BNSF sold 28 yearlong grain shuttle contracts for $30.7 million in its May 29 auction, with winning bids up to $1.2 million. Union Pacific's auction sold most offered shuttles at $0, and the article notes the Canadian rail strike threat could disrupt cross-border grain trade.
Rising BNSF shuttle bids signal tighter US rail capacity for the coming harvest, which raises shipping costs for US grain exports while the Canadian strike risk adds further uncertainty.
grainjournal.comJun 11, 2024Not enough comparable past events yet for a historical read.
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.
