WEEKLY GRAIN MOVEMENT: Corn, soy needed at the Gulf

Demand for barges rates about 100 points in the past month.

River terminals are busy loading corn and soybean barges destined for Gulf export points, with one shipper reporting a busy shipping schedule for much of July.

That demand for barges lifted barge rates about 100 points in the past month to about 475% of tariff as of this week at the Quad Cities. The rise in rates did pressure basis bids to farmers for a while, but those recovered when crop bids at the Gulf moved up.

“The last two weeks they jumped pretty good,” a Quad Cities

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