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The USDA Grain Transportation Report covers railcar and locomotive fleet data from Railinc, showing the grain covered-hopper fleet was 2% larger in 2023 and approaching its 2018 peak. It also reports that the Port of Portland plans to suspend container operations on October 1, 2024 after failed negotiations with a third-party operator.
A growing grain railcar fleet eases rail capacity constraints for grain movement, which can support basis and reduce shipping costs. The Portland container suspension is a minor local factor for grain export logistics.
doi.orgApr 25, 2024Not 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.
