MANHATTAN, Kan. (RFD-TV) — As harvest wraps up, Kansas State University grain economist Guy Allen says grain transportation has remained steady this season.
“We’ve had actually a very, very orderly harvest this season. Rail freight hasn’t been real expensive, which has made for reasonable basis values. Two, this year the Mississippi River system has had sufficient water in it, so there hasn’t been delay or restricted drafts. So I’m talking a lot about freight and transportation, but that has a big impact, particularly on harvest prices and those local basis values.”
Storage remains a concern with grain supplies exceeding earlier expectations. However, Allen says Kansas, the Dakotas and Minnesota are all holding at less than 100% capacity.
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