# Market Perspectives - September 19, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council

> Hurricane Francine made landfall between New Orleans and Lake Charles on September 11 as a Category 2 storm, with no reports of significant damage to export elevators or the inland river system. Low water on the Parana, Madeira, Rhine and parts of the Mississippi is forcing light loading and tow restrictions near Baton Rouge. The US Maritime Alliance and ILA contract expires September 30 with no talks reported, and a strike could start October 1.

- Date: 2024-09-19 · published 2024-09-19T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/16999-market-perspectives-september-19-2024-page-6-of-7-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Light loading and upriver tow limits raise barge and ocean freight costs, which lowers the effective price farmers and buyers receive for Gulf and river-delivered grain. A longer port strike would add further risk to US export flows.

## Read by commodity

- CORN: bearish ▼
- DDGS: neutral
- BARGE: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-11-17 | [Market Perspectives November 17, 2016 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/73778-market-perspectives-november-17-2016-page-9-of-10-u-s-grains-and-bioproducts.md) | +3.0% | +4.6% |
| CORN | 2020-08-27 | [Market Perspectives – August 27, 2020 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/51503-market-perspectives-august-27-2020-page-7-of-10-u-s-grains-and-bioproducts.md) | +1.6% | +7.0% |
| CORN | 2020-07-23 | [Market Perspectives – July 23, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/52018-market-perspectives-july-23-2020-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -1.9% | +1.6% |
| CORN | 2017-06-29 | [Market Perspectives June 29, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/70388-market-perspectives-june-29-2017-page-9-of-10-u-s-grains-and-bioproducts-council.md) | +5.9% | +3.9% |
| CORN | 2017-08-31 | [Market Perspectives August 31, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/69349-market-perspectives-august-31-2017-page-9-of-10-u-s-grains-and-bioproducts.md) | +3.9% | +4.5% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-september-19-2024/5/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-19-2024/6/

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