U.S. railways to halt grain shipments ahead of potential shutdown -agriculture sources

After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.

• Jul 28, 2022Wheat prices fell in anticipation of the departure of grain ships from Ukrainian ports 28.07.2022 - UkrAgroConsult+4.6%
• Mar 1, 2021Russian Railways gives a discount on grain transportation to ports+1.8%
• Dec 4, 2018Ukraine resumes grain shipments from Azov Sea-0.3%
• Apr 27, 2017In Ukrainian ports continues to become cheaper grain transshipment+3.4%
• Jun 27, 2024Ukraine’s corridor exported 37.4 million tons of agricultural products to 45 countries-2.2%

After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.

• Sep 13, 2022Norfolk to Halt Bulk Rail Shipments From Thursday Ahead of Possible Strike (NSC) - Bloomberg-5.7%
• Dec 20, 2023Railroad closure at U.S.-Mexico border puts some grain shipments on hold - Brownfield Ag News+0.3%
• Jan 29, 2024Ripple Effects of Shipping Lane Disruptions on U.S. Agriculture - farmdoc daily-1.7%
• Sep 27, 2024US-Mexico rail delays hit farm sector ahead of possible ports strike+0.5%
• Oct 9, 2023How low Mississippi River water levels could disrupt grain harvests, again | Agriculture Dive+1.1%

After 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.

• Sep 13, 2022Norfolk to Halt Bulk Rail Shipments From Thursday Ahead of Possible Strike (NSC) - Bloomberg-2.9%
• Dec 20, 2023Railroad closure at U.S.-Mexico border puts some grain shipments on hold - Brownfield Ag News+3.1%
• Jan 29, 2024Ripple Effects of Shipping Lane Disruptions on U.S. Agriculture - farmdoc daily-0.7%
• Dec 4, 2018Ukraine resumes grain shipments from Azov Sea+0.5%
• Apr 27, 2017In Ukrainian ports continues to become cheaper grain transshipment+1.7%