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Grain began shipping by barge from the new St. Joseph, Missouri port for the first time, with two barges loaded with soybeans bound for the Gulf and export. Each barge holds about 54,000 bushels and will travel down the Missouri River to St. Louis.
Barge-based soybean loadings at a new Missouri River port offer a cheaper export route than truck or rail, supporting regional soybean basis and freight competition.
stjosephpost.comNov 20, 2019After 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.
Not enough comparable past events yet for a historical read.
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.
