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AgWest Farm Credit reports that transportation costs remain elevated for Western US agricultural producers due to fuel prices, port congestion, weather and rerouting. USDA data shows grain shipping costs from the Pacific Northwest to Japan rose 26% year over year in the third quarter.
Higher freight costs cut the netback on US grain sold to Asia, making Brazilian, Argentine and Australian supplies more competitive and affecting US export basis.
uat-cd.agwestfc.comNov 12, 2026Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
