Low river levels in Brazil reduce grain barge loads while road freight rates decline

After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.

• Oct 2, 2020Barge Rates Decline, Spurring Basis at River Terminals | Feed & Grain+2.6%
• Sep 15, 2020Grain shippers brace for tight rail market - FreightWaves+0.3%
• Jul 23, 2021EXCLUSIVE Historic low river levels force Argentine grains ships to cut cargoes by 25%, ports chamber says+1.3%
• May 9, 2017WEEKLY GRAIN MOVEMENT: High water, closed rives halt barge movement+0.9%
• Aug 6, 2021Logistics costs in Argentina rise by 300% due to low levels of Parana river: BCR | S&P Global-0.1%

After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.

• May 28, 2020Demand For Brazil Grains Rise As Argentine River+1.5%
• Oct 1, 2025Low Mississippi River Levels Pressure Grain Barge Movement - RFD-TV+1.4%
• Jul 27, 2021Argentina declares emergency due to low water levels in Paraná River - BNamericas+0.8%
• Jul 23, 2021EXCLUSIVE Historic low river levels force Argentine grains ships to cut cargoes by 25%, ports chamber says-1.5%
• Jan 11, 2022Shallow Parana river pressures Argentinian FOB soybean meal, oil basis levels | S&P Global+2.9%

Not enough comparable past events yet for a historical read.