
Senator Kevin Cramer reported that BNSF and CP filed weekly grain car backlog status updates with the Surface Transportation Board. The post summarizes North Dakota data from the last ten weeks and notes the STB extended reporting requirements through December 31, 2023.
Persistent grain car backlogs limit how much grain reaches export and processing points, which can widen basis discounts for Northern Plains farmers and keep shipping costs elevated.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
After 44 past logistics events, Wheat (HRW) moved a median -0.7% over 5 sessions (48% higher; middle half -2.8% to +2.8%), and +2.7% over 20.
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.