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A fertilizer and feed supplier in north central Missouri says river barges are a competitive third freight option alongside rail and truck. The company has exported 5 to 6 million bushels of corn, soybeans and feed on 100 barges in the past year.
Competition among freight modes can help keep grain transport costs down for farmers. The article describes a company practice rather than a market-moving event.
mfaoil.comAdam BuckallewJul 10, 2017Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% 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.
