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Exporters are shifting more Victorian grain onto trucks because the rail dispute has cancelled trains. Cargill says cancellations cover about 30,000 tonnes booked for March through May.
Victoria's grain export program still plans to ship over 250,000 tonnes from its three ports this month.
Trucking grain at higher cost to ports raises exporter margins and can narrow farmgate bids in Victoria. The shortfall in rail capacity also threatens scheduled export volumes.
graincentral.comGuest AuthorMay 2, 2017After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
