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Barge captain Jimmy Cheatham says river freight is moving well for now, though corn shipments are slightly lower and demand for fertilizer and other farm products is rising. He expects no snowmelt to lift river levels this season because of the warm, mild winter.
Slower corn movement and firm fertilizer demand point to mixed freight pressure, and the lack of snowmelt raises the risk of low water later in the season.
midwestfarmreport.comCharitee SeebeckerApr 8, 2024After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
