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Platts assessed US Yellow Corn No. 2 CIF New Orleans barge basis at 101 cents per bushel over March corn futures on February 23, far above the 78 cents assessed a year earlier. CIF NOLA soybean basis rose to 109 cents per bushel over March futures as barge freight remained firm after winter disruptions.
Elevated barge freight keeps Gulf export basis high, supporting US corn and soybean values at export and widening the spread against interior prices. Feed ingredient costs stay firm.
spglobal.comAle Rodriguez, Elizabeth MachucaFeb 23, 2026After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
