WEEKLY GRAIN MOVEMENT: Barge rates up as grain shipments rise

Corn and soybeans needed at U.S. Gulf export points.

Corn and soybeans are needed at U.S. Gulf export points, producing demand for barges that continues to push up barge rates and keep a lid on cash bids to farmers who sell crops into the river markets.

Late in the week, barge rates went to 248% of tariff on the mid-Mississippi versus 238% a week earlier, and rates went to 178% of tariff at St. Louis versus 160% the week earlier. However, those rates are still down from year-ago levels.

Much of the demand has been for corn, wi

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