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Average Mississippi barge rates peaked above $105 per ton in early October 2022 when low river levels restricted traffic. Rates have since fallen to about $18 per ton as precipitation raised river levels.
Shipments were much lower than the usual seasonal drop during the low-water period.
Lower barge freight narrows the cost gap between interior origins and Gulf export basis, supporting corn and soybean flows. Falling freight reduces feed ingredient transport costs for buyers.
iowafarmbureau.comDave Miller, Decision Innovation SolutionsMar 30, 2023Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
