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Ice accumulations on rivers are slowing barge traffic, and soybean and grain shippers expect to contend with the disruption for several weeks. The article is a general report with no specific volumes or prices.
Slower barge movements raise transport costs and delay deliveries to export terminals, which tends to weigh on local soybean cash bids while lifting barge freight rates.
feedstuffs.comJacqui FatkaJan 19, 2018Not 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.
