USDA is reporting an increase in the amount of grain that is moving by rail. For the latest reporting week in late September, Class I railroads originated over 22,000 carloads of grain. That’s up three percent from the previous week and up five percent from last year. The bids on the secondary market for railcars were approximately $1,500 above tariff for the week ending September 24. That’s $300 more than the previous week and nearly $1,800 mor than this week last year.
