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Soy Transportation Coalition's Mike Steenhoek reports that export terminals and barge operators are returning to normal, especially on the lower Mississippi. Some barge loading restrictions remain between St. Louis and Cairo due to low water, with tight margins expected until Missouri River flows increase in spring.
Persistent loading limits between St. Louis and Cairo keep barge freight elevated and constrain grain and meal movement. Improving conditions reduce logistics costs but remain fragile.
iasoybeans.comIowa Soybean AssociationFeb 16, 2023Not enough comparable past events yet for a historical read.
After 230 past neutral logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
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.
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.
