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A Chatham House study warns that climate change could congest the rail, river and highway routes that move US food and commodity exports through Kansas City. The report notes that US railways may reach capacity within 20 years and that aged locks and dams already cause river congestion.
Congestion risk on the rail and river routes that carry grain to Gulf and rail export points could raise freight costs and widen basis spreads for corn, soybeans and wheat over the long term.
kansascity.comScott CanonAug 8, 2017Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 163 past neutral logistics events, Wheat (SRW) 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.
