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Union Pacific will raise rail rates from September 1, 2024 on soybean meal, DDGS, gluten, vegetable oil and miscellaneous feed shipments. Increases range from $250 to $350 per car, with extra percentages for large covered hoppers and tanks.
Higher rail freight costs widen the gap between origin and destination prices for these feed products. This can weigh on farm-gate and FOB values for US meal and DDGS.
up.comJun 3, 2024After 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
After 13 past neutral logistics events, Soybean Oil moved a median -0.4% over 5 sessions (38% higher; middle half -0.9% to +0.7%), and +2.0% 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.
