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Senator Kevin Cramer announced that BNSF and CP filed weekly grain backlog status updates with the Surface Transportation Board. The release summarizes North Dakota reporting data from the last 10 weeks.
The STB extended weekly reporting requirements through December 31, 2023.
Persistent grain car backlogs raise freight costs and delay shipments from the Northern Plains, which can widen local basis for wheat and corn. The impact on national prices is modest because this is a routine reporting update.
cramer.senate.govMay 5, 2023After 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.
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.
