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USDA's transportation cost index shows grain barge freight rates down almost 50 percent from March highs, with early June averaging 245 versus 550 in mid-March. Grain truck costs remain near May's record at about 374, and rail rates sit around 318, the highest since 2014.
Lower barge rates ease the cost of moving corn and soybeans down the Mississippi, supporting Gulf and interior basis, while persistent truck and rail costs keep feed delivery expensive for inland buyers.
mckeany-flavell.comBarbara BrodnitzJun 8, 2022Not 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.
