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Record Midwest floods have halted much of US barge traffic, and the American Waterways Operators say the industry is nowhere near normal. Coal flows are declining, shippers are pressing for lower rates, and uncertainty over US-China trade is weighing on soybean barge demand.
Persistent barge disruption and weak demand keep river freight elevated and pressure grain flows, which can widen Gulf basis and raise delivered feed costs.
ajot.comMatt MillerSep 9, 2019Not enough comparable past events yet for a historical read.
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.
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.
