# Accounting for Basis Whims - AgWeb

> An AgWeb piece explains that soybean and corn basis has been erratic and widening, with barge freight rates pushed higher as low-quality corn accumulates in the Gulf. Consultants say storage timing and transportation costs are driving the aberrations.

- Date: 2020-11-15 · published 2020-11-15T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/6807-accounting-for-basis-whims-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Wider basis and higher barge rates lower farm-gate and upriver prices relative to Gulf values, affecting feed buyers' procurement costs and the incentive to store grain.

## Read by commodity

- SOY: neutral
- CORN: neutral
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-02 | [River Woes Push Basis Lower \| Feed & Grain](https://feedsoft.ai/events/50835-river-woes-push-basis-lower-feed-and-grain.md) | -1.1% | +5.3% |
| CORN | 2020-10-02 | [Barge Rates Decline, Spurring Basis at River Terminals \| Feed & Grain](https://feedsoft.ai/events/50834-barge-rates-decline-spurring-basis-at-river-terminals-feed-and-grain.md) | -1.1% | +5.3% |
| CORN | 2023-10-24 | [Momentum building for dry cargo - Splash247](https://feedsoft.ai/events/33810-momentum-building-for-dry-cargo-splash247.md) | -4.3% | -4.8% |
| CORN | 2023-10-09 | [Water isn’t rising on Mississippi, but barge rates have steadied for now - FreightWaves](https://feedsoft.ai/events/16598-water-isn-t-rising-on-mississippi-but-barge-rates-have-steadied-for-now.md) | -0.2% | -3.4% |
| CORN | 2025-02-12 | [Shipping disruptions ease - AgWest Farm Credit](https://feedsoft.ai/events/16968-shipping-disruptions-ease-agwest-farm-credit.md) | +3.1% | -5.1% |
| SOY | 2025-04-03 | [Corn barge basis edges higher as freight stays high](https://feedsoft.ai/events/25310-corn-barge-basis-edges-higher-as-freight-stays-high.md) | -1.6% | +1.0% |
| SOY | 2023-10-24 | [Momentum building for dry cargo - Splash247](https://feedsoft.ai/events/33810-momentum-building-for-dry-cargo-splash247.md) | -0.3% | +6.3% |
| SOY | 2022-06-29 | [From Bins to Barges, Delivering Soy Around the World – The Seam](https://feedsoft.ai/events/16707-from-bins-to-barges-delivering-soy-around-the-world-the-seam.md) | -5.0% | -5.1% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/crop-production/accounting-basis-whims

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.