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The US Senate approved legislation on December 1 to implement the rail labor agreement, which awaits presidential signature. The Senate did not add the proposed seven days of sick leave.
Congressional approval removes the threat of a rail strike that would have disrupted feed ingredient and grain shipments, reducing logistics risk for buyers.
world-grain.comSusan ReidyDec 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.
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.
