# WEEKLY GRAIN MOVEMENT: Gulf needs corn, processors do not

> Corn demand at the Gulf rose and exporters raised basis bids, while processors lowered bids. Weekly barge loadings were up 58% from a year earlier as river levels normalized, and farmers sold corn after Chicago futures rallied, with December futures topping $4 per bushel.

- Date: 2017-06-13 · published 2017-06-13T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/70375-weekly-grain-movement-gulf-needs-corn-processors-do-not
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger Gulf export demand and farmer selling at higher futures show market tightening for corn at the Gulf, while barge recovery eases freight costs for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-02-28 | [WEEKLY GRAIN MOVEMENT: Rail problems in the PNW support Gulf corn bids](https://feedsoft.ai/events/72681-weekly-grain-movement-rail-problems-in-the-pnw-support-gulf-corn-bids.md) | +0.9% | -1.1% |
| CORN | 2017-05-02 | [Weekly Grain Movement – May 2, 2017 \| Farm Progress](https://feedsoft.ai/events/10485-weekly-grain-movement-may-2-2017-farm-progress.md) | -0.6% | +1.5% |
| CORN | 2017-02-06 | [Weekly Grain Movement – Feb. 6, 2017](https://feedsoft.ai/events/72372-weekly-grain-movement-feb-6-2017.md) | -0.0% | +1.3% |
| CORN | 2017-05-09 | [WEEKLY GRAIN MOVEMENT: High water, closed rives halt barge movement](https://feedsoft.ai/events/70893-weekly-grain-movement-high-water-closed-rives-halt-barge-movement.md) | +0.6% | +1.9% |
| CORN | 2022-10-12 | [Possible Rail Strike Complicates Northern Plains Grain Movement \| Red River Farm Network](https://feedsoft.ai/events/39149-possible-rail-strike-complicates-northern-plains-grain-movement-red-river-farm.md) | +1.9% | -1.0% |
| SOY | 2017-05-30 | [Weekly Grain Movement - May 30, 2017](https://feedsoft.ai/events/70892-weekly-grain-movement-may-30-2017.md) | -0.5% | -2.1% |
| SOY | 2017-03-06 | [Weekly Grain Movement – March 6, 2017](https://feedsoft.ai/events/71890-weekly-grain-movement-march-6-2017.md) | -3.0% | -7.9% |
| SOY | 2017-06-07 | [WEEKLY GRAIN MOVEMENT: River market improves as water levels drop](https://feedsoft.ai/events/70373-weekly-grain-movement-river-market-improves-as-water-levels-drop.md) | +1.0% | +5.7% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/corn-price-updates/weekly-grain-movement-gulf-needs-corn-processors-do-not

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