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The biofuel industry is bracing for disruption if rail workers strike, since 70% of ethanol shipments move by rail. Renewable Fuels Association CEO Geoff Cooper called a strike a disaster that could halt biorefineries.
Most crop-based fuels, including corn ethanol, depend on freight trains for inputs and outputs.
A strike would idle ethanol plants and cut corn and soybean crush demand for biofuel feedstocks. That is bearish for corn and the feed co-products it generates.
eenews.netMarc HellerNov 29, 2022After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
