# River Barge Traffic Backlogged, Market Paying Farmers to Store Grain - DredgeWire : DredgeWire

> Low river levels and a partial Ohio River closure are slowing grain barge traffic, and spot barge rates for export grain rose 27 to 50 percent in a week according to USDA. Grain handlers are cutting basis, and the market is paying a premium to store corn until December.

- Date: 2017-10-05 · published 2017-10-05T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/68664-river-barge-traffic-backlogged-market-paying-farmers-to-store-grain-dredgewire
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher barge rates and wider basis reduce the net price farmers receive and push buyers toward storage or later delivery, while the closures tighten nearby cash supply.

## Read by commodity

- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-02 | [Barge Freight Starting to Ease on Mississippi, Illinois Rivers \| Feed & Grain](https://feedsoft.ai/events/50543-barge-freight-starting-to-ease-on-mississippi-illinois-rivers-feed-and-grain.md) | -1.1% | +5.3% |
| CORN | 2019-07-16 | [Record Flood-Stage Days Stymie Mississippi River Barge Traffic](https://feedsoft.ai/events/57962-record-flood-stage-days-stymie-mississippi-river-barge-traffic.md) | -2.3% | -9.8% |
| CORN | 2023-04-24 | [Swollen Upper Mississippi River Stalls Barge Traffic](https://feedsoft.ai/events/36574-swollen-upper-mississippi-river-stalls-barge-traffic.md) | -0.7% | -9.9% |
| CORN | 2023-04-27 | [Flooding on Upper Mississippi River to halt barge traffic for weeks, USDA says](https://feedsoft.ai/events/16633-flooding-on-upper-mississippi-river-to-halt-barge-traffic-for-weeks-usda-says.md) | -0.9% | -4.0% |
| CORN | 2022-10-04 | [U.S. barge backlog swells on parched Mississippi River \| Reuters](https://feedsoft.ai/events/16675-u-s-barge-backlog-swells-on-parched-mississippi-river-reuters.md) | +1.6% | +0.8% |

## Sources

- dredgewire.com: https://dredgewire.com/river-barge-traffic-backlogged-market-paying-farmers-to-store-grain/

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