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The Surface Transportation Board proposed rule changes on April 22 to ease access to emergency service orders for rail shippers, removing the need for an alternative railroad commitment and shortening response deadlines. Comments are due May 23 and replies June 6.
The Federal Maritime Commission is also reviewing how ocean carriers serve US exporters after its first round of meetings with 11 shipping lines.
Persistent rail and ocean carrier service problems delay grain and feed shipments from US elevators to export terminals, which can widen basis and cut farm-gate prices while supporting export spreads. Faster emergency relief could ease bottlenecks over time.
doi.orgApr 28, 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 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
