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Viterra has announced it will not renew its rail haulage agreement with Genesee & Wyoming Australia on the Eyre Peninsula. From 1 June, all grain on the peninsula will move by road only.
The change is expected to add up to 50 extra truck movements per day in Port Lincoln.
Losing rail shifts grain freight costs onto trucks and increases congestion at Port Lincoln, which may raise delivered grain costs for local growers and exporters, a modest upward pressure on regional feed grain basis.
graincentral.comGrain CentralFeb 26, 2019Not enough comparable past events yet for a historical read.
After 163 past neutral logistics events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
