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Industry experts at the Grain and Feed Association of Illinois convention said farm transportation challenges should be fewer in 2023 than in 2022. Barge freight rates have eased from historic highs last fall, and trucking rates were about 8% lower as of Feb.
21 versus a year earlier.
Lower freight costs ease the delivered cost of feed ingredients and grain, modestly supportive of buyers, though higher interest rates on grain purchases remain a cost burden and barge rates are expected to stay firm.
farmweeknow.comDANIEL GRANT FarmWeekFeb 23, 2023Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
