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USDA data show about 31% of U.S. exported wheat moves by barge, with about 8% of U.S. wheat on the Mississippi system, mainly soft red winter wheat. The article reviews barge freight trends on the Mississippi and Columbia-Snake systems and cites low water issues from fall 2022.
Barge reliability on the Mississippi affects Gulf export logistics for SRW wheat, and freight cost swings shift the basis and the competitiveness of US wheat against other origins.
uswheat.orgAug 30, 2023After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
