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The U.S. Coast Guard has cut barge tow sizes from St. Louis to the Gulf because of flood conditions, from 40 barges to 25 or fewer on the lower Mississippi. Smaller tows mean more round trips per export order, longer waits and more demurrage risk.
The article says barge tariffs are rising.
Higher barge tariffs raise the cost of moving grain to export, and country bids must fall to cover it, which pressures farm-gate cash corn and soybean prices.
feedandgrain.comDec 1, 2020Not 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.
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.
