While trade uncertainty is a dominant theme in the rail demand outlook for moving grain this fall, other factors such as global market competition come into play when considering how much grain volume could be moved by U.S. rail operations in the 2019-2020 season.
According to a report at Freight Waves, the U.S. faces competition from wheat producers around the Black Sea and even Europe, putting pressure on global demand for U.S. wheat.
But the domestic picture isn’t rosy either, because of a potential slump in purchasing demand.
Meanwhile, the ongoing trade war between the U.S. and China has dashed the hopes of U.S. soybean producers again for this upcoming fall because China has drastically cut its imports of U.S. soybeans.
Read the full report at Freight Waves.
