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On August 16 a Presidential Emergency Board sent President Biden recommendations for resolving the contract dispute between US freight railroads and their unions. The proposals include a 24% compounded wage increase over five years, service-recognition bonuses, and changes to healthcare contributions.
The Railway Labor Act now imposes a 30-day cooling-off period before strikes or lockouts are allowed.
A possible rail stoppage during harvest could delay grain and feed movements from the Midwest, widening origin cash discounts and raising feed delivery risk for buyers. The risk premium on delivered feed grains may rise until a deal is reached.
feedandgrain.comLisa CleaverAug 18, 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.
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.
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.
