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| Transportation or lack there of is driver of basis as we enter harvest. The railroads …embedded with the migrant politics can not ship / move what the demand requires. Turn times….empty to loaded….are 2x normal….It’s a capacity/ political issue that doesn’t get any press…. Why would it? Not a lot of trans running the rails..
The point is ….the system will likely plug…something a few days ago about no storage and etc.
Can’t turn the facility if your shuttle isn’t moving.
Board spreads will continue to widen…Short hedges best in the Z and rolled forward mid Nov.
Adding some River info which is a copy of information I read.
Towing and draft restrictions have been rolled out, which are limiting how many barges can move and how much volume can be loaded onto them. If conditions worsen, the Coast Guard said it may implement further vessel and tow restrictions.
Barge rates are soaring - making it more expensive for overseas buyers to source U.S. grain. Rates for barges coming from the St. Louis, Missouri, area were 65% higher in late August than the three-year average, according to Steenhoek and USDA data.
Edited by Rod@night 9/5/2024 07:08
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The markets job.
