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The Waterways Journal reports on the diverse commodity mix moved by the US inland barge fleet, based on Inland River Record data. The fleet grew 1 percent to 22,356 barges as of December 31, 2023.
Barge capacity and cargo mix shape river freight availability and rates for grain and oilseed shipments, but the article is primarily descriptive with no new supply shock.
waterwaysjournal.netKen EriksenJul 3, 2024Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
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.
