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Rail costs for grain jumped in October during peak harvest, with secondary-market car bids reaching as much as $1,400 over tariff. Costs dropped for November and December, and trade sources reported only minor car delays so far this season.
Higher rail costs in the fall raised the cost of moving wheat from the US Southwest, while the winter decline eases freight costs for feed buyers.
world-grain.comRon SterkDec 13, 2016After 44 past logistics events, Wheat (HRW) moved a median -0.7% over 5 sessions (48% higher; middle half -2.8% to +2.8%), and +2.7% 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.
