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World Grain reports that Hurricane Nicholas added rain and wind to the recovery effort after Ida. Most New Orleans-area grain elevators remained closed, and trucking capacity was tight.
Shuttle train discounts reversed in the second week of September as logistics costs rose.
Tight trucking, rail and barge capacity raises the cost of moving grain to Gulf export positions. This supports freight and widens inland basis for corn and soybeans.
world-grain.comMatt NoltemeyerSep 16, 2021Not 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.
