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Iowa grain buyer Landus reported turning away farmer loads of corn and soybeans as country elevators waited up to 20 days for rail carriers to collect loaded grain cars. A shipper cited five delayed trains in March that left a 2.25 million bushel shortfall in grain shipments.
Rail bottlenecks trap grain at origin and delay deliveries to feed mills, tightening nearby cash supply while widening local basis discounts.
reuters.comChristopher WalljasperApr 28, 2022After 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.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
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.
