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Tender rejections out of Chicago have risen to 24.15 percent since July 17, diverging from a national average that fell to 17.31 percent. Trucking tightness in Chicago and St. Louis reefer markets is attributed to capacity moving out of the region.
Truck capacity tightness in Chicago raises domestic trucking costs for feed and grain shipments, but the effect is regional and does not clearly move feed commodity prices.
freightwaves.comJohn Paul HampsteadAug 14, 2018Not enough comparable past events yet for a historical read.
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.
