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President Biden signed an executive order effective July 18 blocking a nationwide U.S. rail strike for at least 60 days by appointing a Presidential Emergency Board. The board will hold hearings and issue recommendations within 30 days, after which the unions and railroads have 30 more days to negotiate before a mid-September self-help period.
A possible rail stoppage during fall harvest would hamper grain and feed shipments, widening basis and freight costs and supporting feed-grain prices in affected regions.
feedandgrain.comLisa CleaverJul 21, 2022Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
