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USDA's AMS Grain Transportation Report shows total grain tonnage rose 2% from 2019 to 2020, with barge share up 2 points. It also reports that Mississippi River levels have fallen since June, driving barge spot rates at St. Louis to $23.34 a ton, up 49% week over week.
Tight barge supply from river restrictions raises freight costs for grain moving to export, which pressures interior basis and can shift export competitiveness.
doi.orgAug 31, 2023Not enough comparable past events yet for a historical read.
After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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.
