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Basis bids for corn and soybeans shipped by barge to the US Gulf firmed as rising river levels on the Ohio and ice on interior rivers slowed loading and barge movement. Corn export inspections for the week ended February 13 beat expectations while soybean inspections fell short.
Barge premiums rose by about 1 cent.
Barge delays and higher river freight costs raise the cost of moving grain to the Gulf, which widens interior basis and supports Gulf export premiums while pressuring farm-gate prices.
tradingview.comFeb 18, 2025After 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.
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.
