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Labor talks between US rail carriers and workers continue under the collective bargaining process after the White House-appointed emergency board issued its recommendations. Rail workers can legally strike from September 16, but Congress could intervene as it did in the 1990s.
The National Grain and Feed Association is monitoring the situation closely.
A stoppage in mid-September would fall during peak harvest shipments, which could strand grain at origin and widen basis. Buyers should expect more volatility in delivered feed costs if talks stall.
proag.comAug 19, 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.
