
Persistent drought has lowered Mississippi River levels for a fourth straight year, and the Coast Guard tightened draft and tow limits near Memphis. Barge grain movements for the week ending September 13 fell 30% week over week to 252,000 tons.
Gulf-to-Japan ocean freight rose to $57.25 per metric ton, up 25% since January.
Higher barge and ocean freight costs reduce the net price farmers receive and make U.S. export grain less competitive. Delayed shipments during harvest add pressure on cash prices.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.