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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