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The March Logistics Managers' Index fell to an all-time low of 51.1, with transportation prices at a record low and rail service complaints from grain shippers. The Surface Transportation Board noted poor service predictability as the top shipper complaint.
Weak freight pricing and unreliable rail service lower transport costs for grain but raise uncertainty for shippers, which can widen basis and affect delivered prices.
world-grain.comCrystal FutrellApr 21, 2023Not 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.
