Loading…
Below-zero temperatures have slowed the movement of farm commodities by rail and barge. Smaller train units make rail freight less efficient, and ice along the Illinois River narrows open channels and complicates lock passage.
Worker safety is an added concern in the cold.
Slower rail and barge transit raises freight costs and delays deliveries, which can widen interior basis. The effect is temporary if the cold eases.
agnews890.comFeb 19, 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.
