Loading…
US Wheat Associates reports that rail shipping has faced delayed cars, metered traffic and sharp spot freight increases ahead of the Great Plains harvest. The Surface Transportation Board responded by requiring the four largest rail carriers to submit recovery plans and hold biweekly check-ins.
Railroads ship about 25% of all US grain.
Harvest movement from the Plains depends on rail capacity, so continued service problems could delay wheat delivery to export and domestic buyers. Higher freight costs also add to delivered wheat prices.
farmprogress.comMay 24, 2022After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
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.
