# Barge rates soar as logistics struggle to recover - High Plains Journal

> Hurricanes Ida and Nicholas damaged Gulf Coast grain infrastructure, with several Lower Mississippi elevators reopened and a Cargill facility possibly offline for months. Barge rates are rising as harvest proceeds, and soybean loadings from the Gulf were far below normal in mid-September.

- Date: 2021-10-03 · published 2021-10-03T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/44428-barge-rates-soar-as-logistics-struggle-to-recover-high-plains-journal
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher barge rates and reduced Gulf loading capacity increase the cost of delivering US corn and soybeans to export markets, supporting Gulf basis and freight costs.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-13 | [U.S. grain exports sink as Gulf terminals struggle to recover from Ida \| Reuters](https://feedsoft.ai/events/44956-u-s-grain-exports-sink-as-gulf-terminals-struggle-to-recover-from-ida-reuters.md) | +0.7% | -2.5% |
| SOY | 2021-10-01 | [Harvest Shipping Faces Logistics Challenges - The Waterways Journal](https://feedsoft.ai/events/44432-harvest-shipping-faces-logistics-challenges-the-waterways-journal.md) | -0.7% | -1.8% |
| SOY | 2022-03-17 | [Grain Journal \| Downbound Barged Grain Spot Freight Rates Rise Sharply](https://feedsoft.ai/events/42187-grain-journal-downbound-barged-grain-spot-freight-rates-rise-sharply.md) | +4.2% | +1.6% |
| SOY | 2024-10-25 | [Horizons: Low Water Equals Rising Freight Rates - The Waterways Journal](https://feedsoft.ai/events/16501-horizons-low-water-equals-rising-freight-rates-the-waterways-journal.md) | -1.4% | -1.9% |
| SOY | 2023-08-31 | [Barge Spot Rates Hit $23.34 a Ton as Mississippi River Water Levels Drop - Bloomberg](https://feedsoft.ai/events/12851-barge-spot-rates-hit-23-34-a-ton-as-mississippi-river-water-levels-drop.md) | -2.6% | -5.8% |
| CORN | 2021-09-13 | [U.S. grain exports sink as Gulf terminals struggle to recover from Ida \| Reuters](https://feedsoft.ai/events/44956-u-s-grain-exports-sink-as-gulf-terminals-struggle-to-recover-from-ida-reuters.md) | +0.1% | -3.1% |
| CORN | 2022-03-17 | [Grain Journal \| Downbound Barged Grain Spot Freight Rates Rise Sharply](https://feedsoft.ai/events/42187-grain-journal-downbound-barged-grain-spot-freight-rates-rise-sharply.md) | +2.8% | +7.8% |
| CORN | 2024-10-25 | [Horizons: Low Water Equals Rising Freight Rates - The Waterways Journal](https://feedsoft.ai/events/16501-horizons-low-water-equals-rising-freight-rates-the-waterways-journal.md) | -1.7% | +0.1% |

## Sources

- hpj.com: https://hpj.com/2021/10/03/barge-rates-soar-as-logistics-struggle-to-recover/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.