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A Grain Journal article reprints the USDA Grain Transportation Report on flood damage to Midwest transport. Blizzards, excessive rain and snowmelt since mid-March disrupted trucks and railroads, and BNSF and Union Pacific are restoring track with some lines still closed.
Closed rail corridors and delayed unit trains raise shipping costs and delay deliveries to export terminals, supporting basis and freight rates while limiting near-term grain flow.
grainjournal.comApr 5, 2019Not enough comparable past events yet for a historical read.
After 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.
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.
