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Spot basis bids for corn and soybeans shipped by barge to the U.S. Gulf firmed as river terminals struggled with loading problems from low water at St. Louis and high water at Cairo. Cold weather slowed grain movement along the Illinois River, and CBOT corn pulled back from a 16-month high.
Loading constraints and tight barge availability raise the cost of moving grain to the Gulf, supporting Gulf basis and export premiums and pressuring Gulf-linked buyers' costs.
tradingview.comFeb 19, 2025After 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.
