Loading…
Weather-related rail delays to the Pacific Northwest have cut grain carloads, with BNSF carloads to the PNW down 26% year on year in early February. Exporters are shifting corn to the Gulf, lifting Gulf corn basis bids several cents.
Diverting corn to Gulf terminals supports Gulf basis and export demand, while rail disruption to PNW ports keeps shipments constrained and may persist until April.
feedstuffs.comBob Burgdorfer 1Feb 28, 2017After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
Not 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.
