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Barge transport of soybeans and corn on Brazil's Tapajos River resumed at 50% capacity after being suspended in early October due to dry weather. Operators confirmed the resumption on Wednesday.
Restored river capacity eases logistics bottlenecks and lowers freight costs for northern Brazil grain flows, modestly easing export pressure.
reuters.comRoberto SamoraNov 27, 2024After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
