The railroads report that they are working on solutions to the rail backup problem for the fall grain harvest season, and BNSF projects that it is on track to have eliminated past due deliveries by mid-September. The issue is not isolated to railcars, however.Rail backups were wreaking havoc this year on the ethanol sector, pushing prices up on the coasts and down in the Midwest near production facilities. Now we're seeing some of the same issues with regard to grains. The Department of Transportation's Surface Transportation Board (the Board) requested that BNSF Railway and Canadian Pacific Railway disclose their plans for resolving the backlog of grain car orders as well as begin providing weekly progress reports. The weekly reports were...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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Accountability and a comprehensive approach to export programming
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