Secondary Rail Markets Increasing

Alan Barrett|Dec 23, 2019

Farmers in the Upper Plain states are dependent on rail service for soybean export shipments, as rail is the most efficient transportation mode in rural…


U.S. Soybean Crushings Slip in November

Rob Hatchett|Dec 20, 2019

The National Oilseed Processor Association (NOPA) issued November soybean crush and stocks data on Monday, December 16. According to the data, NOPA member soybean processing…


Brazil’s Minimum Freight Rates are Being Negotiated

Alan Barrett|Dec 18, 2019

Approximately 60% of corn and soybeans in Brazil is transported by truck from origin to destination. As a result, truck freight rates play a major…


Soybean Barge Rates at Three- and Five-Year Averages

Alan Barrett|Dec 14, 2019

Barge freight rates continue to remain near historic lows. [A detailed explanation of barge freight rate calculations is provided at the end of this article.]…


Ocean Freight Rates to Remain Near $50 per Metric Ton

Alan Barrett|Dec 7, 2019

The U.S. is a soybean surplus country dependent on exports, particularly from the Center Gulf. Brazil’s soybean exports limits the United States’ ability to pass…


Increase in Truck Capacity is Decreasing Truck Rates

Alan Barrett|Dec 3, 2019

In 2018, the impact of the electronic logging device (ELD) mandate in tandem with a strong U.S. economy translated into a lack of truck capacity…


Soybean Barge Movements Well Above 2019

Alan Barrett|Nov 29, 2019

Outside of a surging crude oil market, 2019 was a very tough year for the barge industry. Coal is the largest commodity in terms of…


Canadian National Railway on Strike

Alan Barrett|Nov 22, 2019

Canada relies on its two main railways to move products from the Prairies to British Columbia.  The Canadian National Railway (CN) Western Canadian Grain Report…


U.S. Soybean Crushings Surge to Record Levels in October

Rob Hatchett|Nov 20, 2019

The National Oilseed Processor Association (NOPA) issued October soybean crush and stocks data on Friday, November 15. According to the data, NOPA member soybean processing…


IMO 2020 Regulation Could Increase Diesel Cost

Alan Barrett|Nov 18, 2019

For agriculture, fuel cost is extremely important because it factors into the farming operation’s profit as a direct cost, derived cost, and transportation cost. The…