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The USDA Grain Transportation Report says the Ohio River was under a safety advisory with the Cincinnati Harbor closed, and low water cut barge drafts on the Mississippi at St. Louis and the Illinois River by 25 percent. Storm flooding also made a Norfolk Southern route impassable, and river delays of 24 to 28 hours were already in place before freezing weather lengthened them.
Barge and rail disruptions raise freight costs and slow shipments to export terminals and southeastern livestock feeders, supporting barge freight and widening basis for corn and soybeans.
doi.orgFeb 20, 2025Not enough comparable past events yet for a historical read.
After 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.
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.
