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An AP analysis says a looming rail strike could have broad effects on the U.S. economy. Cereal, cooking oil and beer makers rely on rail deliveries of grain, barley and peanuts.
Grocers hold limited inventories that would run short during a stoppage.
Rail is the main link for U.S. grain and oilseed movement, so a strike would tighten domestic supply chains and raise transport costs. This supports freight and can weigh on local cash prices.
apnews.comJosh FunkNov 22, 2022Not 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.
