An anticipated decrease in grain exports and increase in domestic biofuels production could change U.S. freight railroads’ capacity needs in the coming years.
he U.S. Department of Agriculture is forecasting lower export volumes for corn, wheat and soybeans for the 2021-2022 crop year. The agency also expects record overall U.S. farm exports for fiscal year 2021. Also, U.S. rail volumes on a weekly basis were flat to lower from the prior week.
Changes in export volumes for certain types of wheat may be reflected in changes in freight flows, according to reports from the U.S. Department of Agriculture.
November was a bright spot for U.S. and Canadian grain carloads.
Project will increase available ship capacity within two years.
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