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Gulf corn barge basis bids eased as barge freight costs fell, with St. Louis empty-barge rates at 375% of tariff, down from 400%. CBOT July corn settled at $4.90 and soybeans at $10.41-1/2, while USDA reported corn planting ahead of average and strong weekly corn export inspections.
Lower freight costs and slow farmer selling leave Gulf corn basis soft, though strong export inspections provide some underlying support.
tradingview.comApr 22, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
