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The Surface Transportation Board announced on May 6 that certain Class I railroads must submit service recovery plans, additional data and regular progress reports. The decision follows hearings where agricultural and energy shippers testified about severe service problems.
The board said the measures will inform whether further action is needed.
Stronger rail oversight could ease grain and fertilizer transport bottlenecks over time, but near-term delivery delays remain likely. Rail costs feed into delivered prices for feed grains.
farmprogress.comJacqui FatkaMay 9, 2022After 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.
After 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.
