Loading…
Union workers and Class I railroads have until September 16 to reach a deal and avoid stoppages. The Presidential Emergency Board recommended a 24% compounded wage increase over five years and $1,000 yearly service-recognition bonuses.
Agricultural shippers say unreliable rail service has frustrated them for one to two years.
Unreliable rail service already constrains grain movement, and a strike during harvest would tighten logistics for feed ingredients. That could keep origin prices weak while delivered feed costs stay elevated.
farmprogress.comJacqui FatkaAug 19, 2022
feedstuffs.comJacqui FatkaAug 19, 2022After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
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.
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.
