# Grain Transportation Report, July 4, 2024

> The USDA Grain Transportation Report for July 4 says flooding from record rainfall closed several Upper and Mid-Mississippi locks, with reopenings expected by July 20. It also adds rail tariff rates to the Mexico border, showing corn and soybean rates up 1-3 percent and some wheat rates down 5-8 percent.

- Date: 2024-07-03 · published 2024-07-03T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/16529-grain-transportation-report-july-4-2024
- 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

Lock closures delay barge movements and raise freight costs for Midwest grain, while higher corn and soybean rail rates to Mexico add modest cost pressure on exports.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-21 | [Grain Transportation Report, July 21, 2022](https://feedsoft.ai/events/16695-grain-transportation-report-july-21-2022.md) | -5.2% | -0.3% |
| CORN | 2024-06-27 | [Grain Transportation Report, June 27, 2024](https://feedsoft.ai/events/17021-grain-transportation-report-june-27-2024.md) | -2.3% | -0.1% |
| CORN | 2024-01-04 | [Grain Transportation Report, January 4, 2024](https://feedsoft.ai/events/16569-grain-transportation-report-january-4-2024.md) | -1.1% | -2.1% |
| CORN | 2024-05-30 | [Grain Transportation Report, May 30, 2024](https://feedsoft.ai/events/16541-grain-transportation-report-may-30-2024.md) | -4.0% | -5.1% |
| CORN | 2025-01-02 | [Grain Transportation Report, January 2, 2025](https://feedsoft.ai/events/16482-grain-transportation-report-january-2-2025.md) | -0.5% | +5.7% |
| SOY | 2022-07-21 | [Grain Transportation Report, July 21, 2022](https://feedsoft.ai/events/16695-grain-transportation-report-july-21-2022.md) | +9.0% | +1.8% |
| SOY | 2024-06-27 | [Grain Transportation Report, June 27, 2024](https://feedsoft.ai/events/17021-grain-transportation-report-june-27-2024.md) | +1.2% | -4.0% |
| SOY | 2024-01-04 | [Grain Transportation Report, January 4, 2024](https://feedsoft.ai/events/16569-grain-transportation-report-january-4-2024.md) | -3.2% | -5.2% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.07-04-2024

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