Loading…
Soy Transportation Coalition expert Mike Steenhoek says barge capacity has fallen 25% and fewer barges are moving on the Mississippi, though exports have been slow enough to offset the impact. He cites ample world soybean supply, a stronger US dollar and high interest rates as bigger export headwinds.
Exporters are shifting some grain to rail toward Pacific Northwest and East Coast ports.
Ample global soybean supply and a stronger dollar weigh on US export competitiveness and soybean prices, while reduced barge capacity raises freight costs for upriver shipments.
brownfieldagnews.comCarah HartDec 13, 2023After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
