◂ Event Timeline

Jul 14, 2022LOGISTICSUS

Could Rail Workers Now Strike Starting Monday As Concerns Of a Feed Shortage Continue In the West?

Rail workers voted to strike from Monday unless President Biden intervened, with a Sunday deadline to appoint an emergency board. Feed users in California and the Southwest reported near-empty bins and paid up to $3 over CBOT to source grain by truck.

WHY IT MATTERS

Severe rail bottlenecks forcing feed buyers to pay large premiums over CBOT signal strong western feed-grain demand and rising delivered costs.

AFFECTSCorn▲Barge Freight (St. Louis)▲

SOURCE
bovinevetonline.comJul 14, 2022

Price reaction & history

Corn▲bullishSO FAR1d -3.7%5d -12.5%20d -12.4%

After 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.

Jul 18, 2022Trouble Shipping Grain And Feed Via Rail Far From Over, Concerns Now Growing About Possible Worker Strike At Harvest - AgWeb-4.0%
Oct 2, 2020Producers Fear Losing Harvest if Rail Strike Continues | Feed & Grain-1.1%
May 30, 2018CP Rail train crews go on strike as contract negotiations fail, talks continue - The Globe and Mail-2.3%
Apr 19, 2022Argentina port workers to go on strike in the middle of soybean, corn harvest | S&P Global-2.4%
Jul 15, 2022Rail Strike Could Wreak Havoc on Grain Supply Chain | Feed & Grain-10.7%

Barge Freight (St. Louis)▲bullish

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.

Corn CORN · GP ▸

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Barge Freight (St. Louis) BARGE · GP ▸

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