Thu Oct 1, 2015 01:26 PM CDT The Commodities Futures Trading Commission publicized two enforcement actions against physical grain trading operations in the past week. The total price tag: Just shy of $1 million dollars.
Mon Sep 28, 2015 10:07 AM CDT Shipping problems moved from a cause of too much water to too little water, weakening river basis. Gulf basis has strengthened, as shippers try to entice grain to move south despite river hang-ups.
Fri Sep 25, 2015 03:53 PM CDT China agreed to buy about 17% of what USDA forecasts they'll import in 2015-16, and one reader asks whether China's fearful of supply changes or if it's just trying to lock-in a reliable supply.
Mon Sep 21, 2015 01:58 PM CDT Most railroads still a year or more away from implementing the new federally mandated system of safety measures; there is concern that if the deadline isn't met Dec. 31, railroads will stop rail service and cease hauling commodities and other products.
Mon Sep 14, 2015 12:06 PM CDT The Safe, Flexible, and Efficient Trucking Act, would allow freight shipping to be more efficient while creating less pavement wear and tear and improving safety on roads and bridges, according to Wisconsin Rep. Reid Ribble.
Mon Aug 31, 2015 11:36 AM CDT The Surface Transportation Board sent a letter to all the Class 1 railroads on July 13 asking them if they will be ready for the "fall peak" period. The railroads assured the STB performance has improved since last year.
Wed Aug 26, 2015 03:41 PM CDT As the 2014-15 crop marketing year draws to a close, let's look at how basis fared in the past 12 months. In general, at the end of August 2015, corn, soybean and wheat basis is about 30 to 40 cents weaker than the 5-year averages for each crop.
Mon Aug 10, 2015 12:59 PM CDT The Surface Transportation Board needs to quickly move ahead with a comprehensive set of proposals for railroad grain shipping rates and rail revenue adequacy in order to create more certainty for both shippers and railroads, the former acting chairman of the STB told attendees at this year's National Grain and Feed Association Ag Transportation Summit.
Mon Jul 27, 2015 02:01 PM CDT During a hearing held last week, railroads and shipper groups voiced opposite views on whether railroads should be able to continue to differentially price rail service to captive shippers once they reach revenue-adequate status.
Mon Jul 13, 2015 12:18 PM CDT Several West Coast ports are still playing catch-up after labor negotiations between the International Longshoremen and Warehouse Union and the Pacific Maritime Association resulted in delays in shipping for nearly nine months late last year and the beginning of this year.
Tue Jul 7, 2015 10:54 AM CDT U.S. ethanol exports totaled 64.6 million gallons in May, up 22% from a year ago, according to U.S. Census Bureau trade data. DDG exports notched the second highest monthly total on record.
Mon Jun 29, 2015 01:06 PM CDT Tropical Storm Bill dumped 4 or more inches of rain in Arkansas, Illinois, Indiana, Louisiana, Missouri, Ohio, Oklahoma and Texas. More rains following that storm have added to flooding problems in those states.
Mon Jun 22, 2015 11:43 AM CDT As Tropical Storm Bill came up from the Texas coast last weekend and became a tropical depression, it moved through waterlogged states, adding more water to the already high rivers.