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Spot corn basis bids for barge delivery to U.S. Gulf terminals firmed on rising freight rates and river shipping delays, while soybean basis was flat to weaker. Barge rates have climbed in the Midwest due to lock delays on the Mississippi near St. Louis, and heavy rain is expected to slow barge movement on the lower Ohio and Mississippi rivers.
Trading remained restrained amid uncertain export demand after new U.S. tariffs.
Higher barge freight and river delays raise the cost of moving corn to the Gulf, which widens the basis and lifts the delivered cost of feed grains for buyers in the region.
tradingview.comApr 3, 2025After 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.
After 230 past neutral logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
