USDA's weekly grain transportation cost indicators show declines across most freight modes for week 45, ended November 11. The barge index fell from 221.39 to 199.07, the truck index slipped to 231, and the Gulf vessel index dropped to 185.61, while the Pacific vessel index was unchanged at 187.65.
Lower barge and vessel costs reduce the price gap for moving US corn and soybeans to export positions and processors. Cheaper logistics support US basis and FOB values for feed grains.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.