# Daily market wire 4 October 2017 - Grain Central

> Overnight, CBOT and Kansas wheat posted slight gains while corn and soybeans fell modestly. GASC bought 180,000 tonnes of Russian wheat at about $199 FOB, and Japan tendered for US and Canadian wheat. Low Mississippi river levels are holding up barges and creating a freight backlog for mid-harvest US corn and soybean farmers.

- Date: 2017-10-03 · published 2017-10-03T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/10968-daily-market-wire-4-october-2017-grain-central
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Low river levels raise barge freight costs and delay grain movement, which can widen basis and weigh on farm-gate prices for corn and soybeans.

## Read by commodity

- BARGE: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-4-october-2017/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.