Loading…
President Biden signed legislation imposing a rail labor contract and blocking a national rail strike. Analysts said a strike could have frozen nearly 30% of U.S. cargo by weight.
Grain and feed-ingredient shipments by rail, including soybean meal and DDGS, would have been disrupted; averting the strike removes a logistics risk that could have widened basis and freight costs.
reuters.comDavid Shepardson, Nandita BoseDec 2, 2022Not enough comparable past events yet for a historical read.
After 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% 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.
