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BNSF Railway has experienced delays due to extreme winter weather and flooding in parts of the Midwest. Commodity shipments, including grain, are being held up as a result.
Rail delays tighten the movement of grain from origin to processors and export terminals, which can widen local cash basis and delay supply to feed mills.
blet.orgWalt SchmidtApr 3, 2019After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
