# Climate, Conflict and Currency Impact Cost Competitiveness for U.S. Corn Exports - Oklahoma Farm Report

> Drought in the Corn Belt and low Mississippi water levels cut 2023 corn barge volumes to 7.7 million tons, 30% below 2022. Panama Canal transits were reduced to about 24 ships a day, and Red Sea attacks are forcing longer Suez routings for U.S. corn.

- Date: 2024-02-09 · published 2024-02-09T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/16565-climate-conflict-and-currency-impact-cost-competitiveness-for-u-s-corn-exports
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight and longer routes raise the cost of U.S. corn at port, which reduces export competitiveness against Brazil and Argentina and firms U.S. corn prices.

## Read by commodity

- CORN: bullish ▲
- BARGE: bullish ▲
- USDBRL: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-02-22 | [El Nino Analogs for U.S. Corn Belt JUN-SEP - Climate Impact Company](https://feedsoft.ai/events/13018-el-nino-analogs-for-u-s-corn-belt-jun-sep-climate-impact-company.md) | +2.1% | +7.7% |
| CORN | 2020-09-16 | [China: Corn Crop Impacted by Adverse Weather, as U.S. Wheat and Soybean Exports Increase - Farm Policy News](https://feedsoft.ai/events/9341-china-corn-crop-impacted-by-adverse-weather-as-u-s-wheat-and-soybean-exports.md) | +1.1% | +4.7% |
| CORN | 2023-01-27 | [Watching Northwest/North Brazil Second Corn Crop for Drought Risk - Climate Impact Company](https://feedsoft.ai/events/13674-watching-northwest-north-brazil-second-corn-crop-for-drought-risk-climate.md) | -1.1% | -1.9% |
| CORN | 2017-04-20 | [Climate change is hurting U.S. corn farmers – and your wallet \| CNN Business](https://feedsoft.ai/events/71342-climate-change-is-hurting-u-s-corn-farmers-and-your-wallet-cnn-business.md) | +0.2% | +3.0% |
| CORN | 2019-11-07 | [Global Soil Moisture Anomalies And 3-Month Trend - Climate Impact Company](https://feedsoft.ai/events/55986-global-soil-moisture-anomalies-and-3-month-trend-climate-impact-company.md) | -0.6% | -1.0% |
| USDBRL | 2021-03-26 | [Animal nutrition costs pressure meat sector](https://feedsoft.ai/events/48244-animal-nutrition-costs-pressure-meat-sector.md) | +0.9% | -2.5% |
| USDBRL | 2026-09-17 | [El Niño Could Create Grains Price Advantage for Brazil \| CZ app](https://feedsoft.ai/events/16770-el-nino-could-create-grains-price-advantage-for-brazil-cz-app.md) | +0.1% | -1.8% |
| USDBRL | 2018-06-26 | [Wheat price drives up rations - Farmers Weekly](https://feedsoft.ai/events/11645-wheat-price-drives-up-rations-farmers-weekly.md) | +3.6% | -1.0% |

## Sources

- ncga.com: https://www.ncga.com/stay-informed/media/the-corn-economy/article/2024/02/climate-conflict-and-currency-impact-cost-competitiveness-for-u-s-corn-exports
- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2024/02/09/climate-conflict-and-currency-impact-cost-competitiveness-for-u-s-corn-exports/

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