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Basis bids for corn and soybeans shipped by barge to the Gulf firmed as Mississippi and Illinois River barge freight rates climbed. Navigational delays from fog and reduced drafts drove the increase, and CBOT wheat hit its highest since October.
Higher barge freight raises the delivered cost of Gulf-bound grain and supports Gulf basis and export premiums.
tradingview.comFeb 6, 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, SOY 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.
