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President Biden blocked a freight rail strike for at least 60 days by naming an arbitration board covering 115,000 rail workers. If the railroads and 12 unions fail to agree within 60 days, Congress would likely step in to impose terms.
Removing the near-term strike threat eases logistics risk to grain and feed shipments during harvest, though the unresolved dispute keeps freight risk elevated into the fall.
timesfreepress.comThe Associated PressJul 15, 2022Not 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.
