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Soybean barge basis bids at U.S. Gulf terminals were steady to higher as flooding on the lower Ohio and lower Mississippi rivers slowed or halted barge loading. Repair work at Lock 27 also delayed barge movements, while corn CIF basis weakened as futures rose.
River disruptions tighten nearby soybean supplies for exporters and lift freight rates, supporting Gulf soybean basis while corn basis softens with higher futures.
tradingview.comApr 10, 2025After 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.
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.
