Loading…
About 60% of U.S. grain exports move by barge down the Mississippi to New Orleans, and falling river levels are limiting barge loads as farmers try to move crops downriver. Barges carry the equivalent of about 1,000 trucks each when lashed together.
Constrained barge capacity during harvest raises transport costs and export delays, which tends to weigh on interior cash grain prices and lift freight rates.
apnews.comScott McfetridgeSep 17, 2023Not enough comparable past events yet for a historical read.
After 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.
After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
