US Barge Costs Spike Weeks After Hurricane Ida

Not 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.

• Sep 13, 2021Hurricane Ida threw teh barge industry into a tizzy along the Mississippi River+0.1%
• Apr 27, 2023Flooding on Upper Mississippi River to halt barge traffic for weeks, USDA says-0.9%
• Sep 21, 2021Transportation Official Says Higher Barge Rates Due To Hurricane Not A Suprise | Radio 570 WNAX+1.8%
• Aug 30, 2021Hurricane Ida Shutters Ag Exports with No Clear Timeline on How Long Shipping Delays Could Last - The Scoop-6.1%
• Oct 10, 2022Mississippi River reopens to barge traffic after low water closures - U.S. Coast Guard | Reuters+0.6%

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.

• Sep 13, 2021Hurricane Ida threw teh barge industry into a tizzy along the Mississippi River+0.7%
• Apr 27, 2023Flooding on Upper Mississippi River to halt barge traffic for weeks, USDA says+0.8%
• Sep 21, 2021Transportation Official Says Higher Barge Rates Due To Hurricane Not A Suprise | Radio 570 WNAX+2.0%
• Aug 30, 2021Hurricane Ida Shutters Ag Exports with No Clear Timeline on How Long Shipping Delays Could Last - The Scoop-5.6%
• Oct 10, 2022Mississippi River reopens to barge traffic after low water closures - U.S. Coast Guard | Reuters+1.2%