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The Waterways Journal's annual industry outlook says the barge sector enters 2021 with more optimism than in many years, citing market rebounds, renewed industrial demand and major waterways funding bills. The piece notes that pandemic disruptions to meatpacking, dairy and ethanol affected 2020 but have eased.
A stronger barge industry outlook reflects expected rising grain and industrial volumes, which can support barge freight demand. The impact on grain prices is modest.
waterwaysjournal.netDavid MurrayJan 15, 2021Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% 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.
