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An Associated Press report carried by the BLET says some US grain elevators are full and turning farmers away, while feed and flour mills halt production for lack of grain. Shippers and labor groups blame railroad workforce cuts under precision scheduled railroading.
Feed mills idling for lack of grain signals disrupted US feed demand and wider basis volatility, a mixed price signal for corn and feed ingredients.
blet.orgJohn BentleyApr 13, 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.
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.
