Loading…
Trucker and rail worker shortages continue to drive up U.S. freight costs, with diesel prices up about 19% year over year. Barge freight rates have risen sharply on high water and lock repairs, and bulk ocean freight has also increased.
Hurricane Florence briefly disrupted East Coast logistics.
Higher transport costs widen the basis for feed grains delivered to buyers and can cut the farm-gate price of corn and soybeans while raising delivered feed costs.
world-grain.comRon SterkOct 31, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
