Grain carloads leaving region is still trying to play catch up
Even though it’s October, reminders of the devastating March floods in the western Corn Belt haven’t faded, reportsFreightWaves.
Roads are still closed, farms drowned, and the volume of grain carloads leaving the region is still trying to play catch up.
The latest data fromFreightWavesSONAR shows that grain carloads have been down year-over-year since the harvest began, and will likely stay below last year’s levels through the rest of the season.
Railroads moving corn from the Midwest are feeling more strain from low production in comparison to eastern railroads, which are moving corn from the more productive South.
Read the full report atFreightWaves.
US Corn Price Idx:ZCPAUS.CM
open: 7.4227
high: 7.4825
low: 7.1372
close: 7.1434
US Soybean Price Idx:ZSPAUS.CM
open: 15.9907
high: 16.2953
low: 15.8114
close: 15.9058
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.4799
high: 9.5285
low: 8.9965
close: 9.0161
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 8.5325
high: 8.6497
low: 8.1008
close: 8.1586
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