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A World Grain article reports that US shippers expect logistics conditions to improve in 2023 as COVID-related disruptions fade and a railroad strike was averted by legislation. Maersk and the Council of Supply Chain Management Professionals forecast falling freight rates for sea, air and truck from pandemic peaks.
Expected declines in rail, barge and ocean freight rates lower the cost of moving grain and meal to export positions, which can narrow export basis and support flows. The outlook is a general forecast rather than a new shock.
world-grain.comRon SterkDec 27, 2022Not 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.
