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Barge shipments on the Mississippi River fell to 452k tons in the week ending January 11, down from 703k tons the previous week, according to USDA's weekly grain transportation report. Barge rates also declined over the same period.
Lower barge demand and falling rates ease freight costs for grain moving down the Mississippi, which can narrow Gulf basis for corn and soybeans. Weaker river demand can also signal slower export movement.
agupdate.comJan 17, 2025Not 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.
