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Grain producers are shifting shipments from low-water Mississippi River barges to rail, even as a rail strike threat grows. Four unions have rejected the tentative deal, and SMART-TD's president urged a negotiated settlement.
USDA data show U.S. rail grain shipments were up 4% year over year in the latest week.
Heavier rail demand alongside constrained barge capacity keeps freight tight and raises the cost of moving grain to export ports. Strike risk adds to upward pressure on transport rates.
feedandgrain.comLisa CleaverNov 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.
