# Mississippi Barge Rate Update

> 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.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/16640-mississippi-barge-rate-update
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral
- BARGE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-02-16 | [Reducing Mississippi barge traffic stress](https://feedsoft.ai/events/16651-reducing-mississippi-barge-traffic-stress.md) | -0.4% | -4.9% |
| CORN | 2016-11-21 | [Mississippi River Reopened after Barge Breakaway](https://feedsoft.ai/events/73762-mississippi-river-reopened-after-barge-breakaway.md) | -0.1% | +1.3% |
| CORN | 2019-06-27 | [Mixed emotions as Upper Mississippi River reopens to barges](https://feedsoft.ai/events/58498-mixed-emotions-as-upper-mississippi-river-reopens-to-barges.md) | -2.5% | -4.4% |
| CORN | 2023-05-01 | [USDA: Grain barge delays from Mississippi flooding \| Feed & Grain](https://feedsoft.ai/events/16625-usda-grain-barge-delays-from-mississippi-flooding-feed-and-grain.md) | +0.3% | -1.8% |
| CORN | 2021-05-13 | [U.S. barge backup worsens as Mississippi River shut near Memphis](https://feedsoft.ai/events/46997-u-s-barge-backup-worsens-as-mississippi-river-shut-near-memphis.md) | -7.7% | -2.2% |
| SOY | 2023-02-16 | [Reducing Mississippi barge traffic stress](https://feedsoft.ai/events/16651-reducing-mississippi-barge-traffic-stress.md) | +0.6% | -2.2% |
| SOY | 2016-11-21 | [Mississippi River Reopened after Barge Breakaway](https://feedsoft.ai/events/73762-mississippi-river-reopened-after-barge-breakaway.md) | +6.3% | +2.8% |
| SOY | 2019-06-27 | [Mixed emotions as Upper Mississippi River reopens to barges](https://feedsoft.ai/events/58498-mixed-emotions-as-upper-mississippi-river-reopens-to-barges.md) | -1.0% | -1.3% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Mississippi-Barge-Rate-Update

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