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USDA's Grain Transportation Report says flooding across the Ohio, Illinois, Arkansas, Tennessee and Mississippi rivers is restricting barge traffic. Grain barge movements for the week ending February 24 totaled 418 thousand tons, down 27% week on week and 22% year on year.
Flood-related barge restrictions cut shipping volumes and lift freight costs, pressuring Midwest cash bids while supporting barge rates.
brownfieldagnews.comLarry LeeMar 2, 2018Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
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.
