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The Senate approved, 80-15, a bill imposing the rail labor contract and making a strike illegal, and rejected a paid sick leave amendment. Biden said he would sign it quickly.
Passage removes the threat of a rail shutdown that would have halted grain and oilseed product movements, supporting normal basis and freight conditions for feed buyers.
npr.orgXimena BustilloDec 1, 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.
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.
