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Barge loadings on the Mississippi returned to normal after high water early in June delayed empty barge movements from the Gulf. Some corn moved by rail to the Southeast poultry and ethanol markets, and Illinois wheat harvest was ahead of average.
Normalized barge flows reduce freight pressure, while rail corn sales to Southeast feed users show demand shifting to alternative routes, a mild supportive factor for corn basis.
farmprogress.comBob Burgdorfer Senior Editor, Farm FuturesJun 19, 2017Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, CORN moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
