Rail backlogs delay food shipments in U.S.

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.

• Dec 2, 2021U.S. short on livestock inputs | The Western Producer+7.3%
• Jun 29, 2022BNSF limits westbound shipments with rise in congestion | Supply Chain Dive+1.2%
• May 7, 2020Grains Go With The Flow: U.S. Inland Waterway System Operating Normally During COVID-19 - U.S. Grains & BioProducts Council+0.2%
• Mar 21, 2019Northern snow melt could delay grain shipping on the Mississippi River - Brownfield Ag News-1.2%
• Apr 9, 2020Railways Keep U.S. Grains Chugging Down The Track To Export Market - U.S. Grains & BioProducts Council-5.5%

After 230 past neutral logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.

• Mar 16, 2018Panama Canal signs MoU to promote grain shipments from Brazil-1.1%
• Nov 20, 2019Grain leaves St. Joseph port for 1st time as barge shipments resume-3.0%
• May 7, 2020Grains Go With The Flow: U.S. Inland Waterway System Operating Normally During COVID-19 - U.S. Grains & BioProducts Council+0.7%
• Jun 21, 2019Armada of barges cleared for Mississippi River shipments after floods-3.0%
• Jun 17, 2019Flooding Keeps Chokehold on Barge Traffic, Stalling Grain Shipments+0.7%

After 163 past neutral logistics events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.

• Mar 12, 2020CN begins recovery plan following railway blockades | The Western Producer-4.3%
• Sep 9, 2019Grain leaves Churchill for first time in four years | The Western Producer-0.8%
• Jul 10, 2023Delayed container shipments affecting grain industry more than West Coast port strike | Country 600 CJWW-1.9%
• Apr 28, 2022CP Rail revenue sags due to bad winter, lower grain shipments and labour dispute - Financial Post-1.3%
• Nov 19, 2019UPDATED: CN Rail strike will impact grain shipments (2 Photos)+1.1%