Grain Shipments Hiked Rail Transportation

Rail traffic for the week ending April 21 totaled 539,425 carloads and intermodal units, 6.2 percent higher than last year.

April 30, 2018

Rail shipments of grain led all commodity gainers on bad weather and trade indicators.

According to the Association of American Railroads, rail traffic for the week ending April 21 totaled 539,425 carloads and intermodal units, 6.2 percent higher than last year.

The report continued on saying that seven of the 10 carload commodity groups had gains. Grain led the pack by 10.3 percent.

Corn prices were also up as plantings got underway by news that China was reducing its acreage.

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