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Rail service has improved and rail freight rates are lower because grain shipments have fallen, with year-to-date rail deliveries to export ports down 11%. Ocean freight rates have risen despite lower US grain exports.
Trucking volumes have been volatile amid excess capacity.
Cheaper rail and weaker export demand reduce logistics costs for grain shippers, while firmer ocean freight raises the cost of exporting US grain.
world-grain.comRon SterkOct 14, 2019Not 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.
