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CoBank's new report warns of transportation challenges in 2019. Elevators are shipping soybeans to St. Louis for barge loading and Gulf export as Chinese tariffs push business to other markets.
A shortage of truck drivers is expected to raise labor costs for elevators and truckers.
Higher trucking and labor costs raise the delivered cost of grain and soymeal from interior origins, which can widen basis and lower farm-gate bids. Rerouting through St. Louis barges adds to the cost of moving beans to export markets.
allagnews.comTony St. JamesDec 14, 2018Not enough comparable past events yet for a historical read.
After 230 past neutral logistics events, SOY 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.
