WEEKLY GRAIN MOVEMENT: River markets heat up

Spike in barge rates prompts drop in basis bids to farmers for corn and soybeans.

Corn and soybeans are going down river at a brisk pace, creating a need for empty barges that prompted a spike in barge rates last week.

Barge rates on the Mississippi, Illinois and Ohio rivers were all higher, which, according to one Quad Cities shipper, was due to a few shipping firms needing empty containers. The spike in rates prompted a drop in basis bids to farmers for corn and soybeans. However, the lower bids continued to attract farmer selling as the river market remained

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