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Reuters reported that President Biden faced a deadline to appoint an emergency board or let a nationwide rail strike or lockout proceed, covering 115,000 workers. Feed and grain groups warned that a stoppage would disrupt grain and fuel supplies.
Agricultural shippers have already faced deteriorated rail service this year.
A rail strike would hit grain movement at harvest, tightening feed supplies in some regions and raising logistics costs for feed buyers.
feedandgrain.comLisa CleaverJul 15, 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.
