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Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals firmed, as barge freight costs rose on Midwest rivers. Empty barges on the Mississippi at Davenport were offered at 625% of tariff, up from 575% a day earlier.
Slow farmer grain sales also supported the firmer bids.
Higher barge freight raises the cost of moving grain to Gulf export terminals, which narrows the margin for exporters and supports basis levels. Buyers in the interior should expect firmer delivered prices while freight stays elevated.
tradingview.comJul 18, 2025After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
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.
