USDA's August 27 Grain Transportation Report shows Q2 modeled costs from Minneapolis to Japan rising across all legs. The total Gulf route cost reached $135.00 per tonne, about 33% above a year earlier, with ocean freight up 49% and barge up 28%.
Pacific Northwest routes rose 13% or more.
Higher barge and ocean costs widen the basis for US export corn and soybeans, lowering farm-gate and interior prices relative to export values. Ocean freight increases weigh on competitiveness versus other origins.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.