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Morning Ag Clips republishes the U.S. Grains Council article saying the U.S. inland waterway system is operating normally during COVID-19, with more than 12,000 miles of marine highways moving grain from farms to Gulf ports. The piece describes how river elevators act as collection points for barge loading.
Confirmed normal barge operations support steady grain export logistics and low transport costs, a modestly bearish factor for Gulf and river basis.
morningagclips.comAubreyMay 14, 2020Not enough comparable past events yet for a historical read.
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.
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.
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.
