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Barge operators report extremely high water on the Lower Mississippi River, with daylight-only transits in some areas. Basis levels at river terminals are mixed depending on flood severity.
Restricted river transit raises barge freight costs and can delay grain shipments from the Midwest, widening Gulf basis and pressuring the price received by farmers.
dtnpf.comMary KennedyMay 26, 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.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
