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Freezing on the Mississippi has delayed barge movements since early January, with reduced tow sizes on the St. Louis-to-Cairo stretch and ice coupling on the Illinois River. High water and snow and ice on the Ohio River added further delays, and spot barge rates rose.
Slower barge traffic and higher spot freight rates lift transport costs for grain moving to Gulf export, pressuring farm-gate and basis prices.
feedandgrain.comJan 20, 2022Not 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, Soybeans 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.
