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The Soy Transportation Coalition says flooded rivers closed to barge traffic are slowing farmers and grain traders who want to sell 2018 crop stocks after a recent price rebound. The Missouri River between St. Louis and Kansas City has reopened, but barge operations are limited to daylight and reduced tow sizes.
The Mississippi north of St. Louis has also reopened.
Restricted barge capacity delays farmer selling and export movement, keeping soybean and corn supplies tight at origin while freight costs stay elevated.
brownfieldagnews.comJun 21, 2019Not enough comparable past events yet for a historical read.
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.
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.
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.
