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The heads of 13 rail unions and the largest freight rail carriers reached a tentative agreement early Thursday morning. The deal came less than 24 hours before workers could have walked off the job.
The agreement is subject to ratification.
The deal lowers the risk of a rail shutdown that would have disrupted grain and feed deliveries. Normal rail service should support steady origin basis and export flows.
politico.comEleanor Mueller, Tanya Snyder, Nick Niedzwiadek, Christopher CadelagoSep 14, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% over 20.
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.
