Market Matters
Mary Kennedy DTN Basis Analyst
Fri Sep 26, 2014 10:34 AM CDT

Record corn and soybean crops are expected to be harvested this fall and with both corn and soybeans moving down river to the Gulf, barges are in high demand.

Two weeks ago, barge freight rates were already creeping higher with bids from 625% above tariff to 700% above tariff through the river segments. On September 24, rates were at 875% to 1,100% above tariff for September and October. The Illinois River segment at 1,000% above tariff ($4.64) is equal to $46.40 per short ton which equals $1.30 per bushel (56 pounds corn or soybeans). In the Cairo to Memphis corridor, ...

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