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USDA reports that barge grain movement on the Mississippi hit a record low in mid-September due to low stocks and Hurricane Ida. The Gulf is recovering, but shipping faces high fuel and labor costs.
Persistent high barge operating costs and limited hopper barge supply keep freight elevated, which weighs on Gulf export competitiveness and farm-level net prices.
rrfn.comDon WickOct 28, 2021Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% 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.
