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Feed and grain shippers say rail service problems persist, especially for western routes, even after Biden's executive order keeping rail traffic on track. Equipment is less of an issue than the time taken to get trains and their reliability.
Slow and unreliable rail delivery to western feed users keeps local grain tight and raises delivered feed costs, supporting prices for feed inputs in the West.
agweb.comJul 18, 2022After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
