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Barge rates are rising again on strong demand from coal, grain, frac sand and petroleum products. Informa Economics says coal barge rates are 'way up', with some contracts running into next year.
Grain markets are described as still strong despite trade uncertainty.
Tighter barge capacity lifts Mississippi and Ohio River freight costs, which narrows the basis for Gulf and river-origin grain and soybeans and can cut farmer returns.
waterwaysjournal.netWaterways JournalJun 7, 2018Not 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.
