Today's weekly export grain inspection numbers were the biggest they've been in a very long time at over 127 million bushels (more than 3.5 MMT). It was the second largest week of soybean exports ever at almost 83 million bushels (2.25 MMT). This has started to cause a stir in markets about potential problems, including:
Some vessel delays at ports, especially the Pacific Northwest (PNW) High prices (well in excess of $2,000 per car) for nearby shuttle trains Somewhat slower turn on shuttle trains
None of this should be very surprising to anyone in the trade for several reasons:
The sharply reduced wheat and corn export volume of the past two years (caused by smaller crops and sluggish export sales) resulted in BNSF Railway p...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
