
Grain exports from the US Gulf Coast began to resume after Hurricane Ida as power returned to some terminals. Cash premiums for corn and soybean barges to the Gulf rose by up to 15 cents a bushel.
Resumed Gulf loading eases the export bottleneck, but the recovery is gradual, so basis and freight costs stay firm for feed buyers.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), 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.