# Grain Transportation Report, October 24, 2024

> Low rainfall has reduced barge drafts and tow sizes on the Mississippi River System, and low water caused several barge tow groundings near Hickman, Kentucky. Dredging is ongoing, and transit delays of 2 to 3 days are expected. NOAA forecasts show no relief in the next two weeks.

- Date: 2024-10-24 · published 2024-10-24T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/16498-grain-transportation-report-october-24-2024
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Shallower drafts raise per-bushel barge freight and can force terminals in low-water areas to limit grain intake, which pressures farm-gate bids for corn and soybeans. Higher transport costs widen the gap between Gulf and interior prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-17 | [Grain Transportation Report, October 17, 2024](https://feedsoft.ai/events/16503-grain-transportation-report-october-17-2024.md) | +2.1% | +2.9% |
| CORN | 2023-10-19 | [Grain Transportation Report, October 19, 2023](https://feedsoft.ai/events/16592-grain-transportation-report-october-19-2023.md) | +1.0% | -2.6% |
| CORN | 2024-09-12 | [Grain Transportation Report, September 12, 2024](https://feedsoft.ai/events/16506-grain-transportation-report-september-12-2024.md) | +4.9% | +5.1% |
| CORN | 2024-07-18 | [Grain Transportation Report, July 18, 2024](https://feedsoft.ai/events/16525-grain-transportation-report-july-18-2024.md) | +2.4% | -0.9% |
| CORN | 2024-08-08 | [Grain Transportation Report, August 8, 2024](https://feedsoft.ai/events/16521-grain-transportation-report-august-8-2024.md) | -0.2% | +1.9% |
| SOY | 2023-10-19 | [Grain Transportation Report, October 19, 2023](https://feedsoft.ai/events/16592-grain-transportation-report-october-19-2023.md) | -1.7% | +5.6% |
| SOY | 2024-11-14 | [Grain Transportation Report, November 14, 2024](https://feedsoft.ai/events/27598-grain-transportation-report-november-14-2024.md) | -1.4% | -0.8% |
| SOY | 2024-09-12 | [Grain Transportation Report, September 12, 2024](https://feedsoft.ai/events/16506-grain-transportation-report-september-12-2024.md) | +3.5% | +4.1% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.10-24-2024

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.