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Ice on rivers is impeding soybean movement, and barge tonnage on key waterways was recently cut by more than 60 percent. An elevator with both rail and barge loading accepted deliveries only for rail while barge traffic was interrupted.
With barge capacity sharply reduced, soybeans pile up at origin and local cash prices come under pressure, while barge freight rates rise.
brownfieldagnews.comJan 30, 2018After 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.
Not enough comparable past events yet for a historical read.
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.
