Geopolitics Alpha

USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves

Published . Updated .

Key takeaways

  • Week 45 USDA grain barge data shows Twin Cities leading downbound tariffs at 746, with per-ton rates from 46.20 on the upper river to 10.60 on the Lower Mississippi and forward curves easing for month 12 and month 2.
  • Exposed: XLI, XRT, DBA, CAT, DE
  • Market reaction: XRT −1.7% on the day; XLI −0.6% on the day; DE −1.8% on the day

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USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics

Week 45 USDA grain barge data shows Twin Cities leading downbound tariffs at 746, with per-ton rates from 46.20 on the upper river to 10.60 on the Lower Mississippi and forward curves easing for month 12 and month 2.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLI Industrial Select Sector SPDR-0.4% 30d

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • DBA Invesco DB Agriculture Fund-6.1% 30d

    Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “grain” (grains and farm goods) in this story.

  • CAT Caterpillar-27.2% 30d

    Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • DE Deere+0.7% 30d

    Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • WMT Walmart+19.7% 30d

    Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • NKE Nike+5.4% 30d

    Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • ADM Archer-Daniels-Midland-10.8% 30d

    Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLI-4.94%-1.22%base-0.56%after closeafter closeafter close
XRT-1.37%+0.47%base-1.72%after closeafter closeafter close
DBA-0.74%-1.01%base-0.21%after closeafter closeafter close
CAT-8.01%-0.49%base+0.72%after closeafter closeafter close
DE-4.00%-0.02%base-1.79%after closeafter closeafter close
WMT+1.59%-0.08%base+0.18%after closeafter closeafter close
NKE+3.21%+4.04%base-1.59%after closeafter closeafter close
ADM-0.58%-1.51%base+0.07%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics IndexBox

Source: IndexBox

Select Sector Spdr Tr (XLI) since this story, compared with the market

CompanyWhenMoveStatus
Archer-Daniels-Midland (ADM)that day+0.07%final price
Archer-Daniels-Midland (ADM)three days earlier-1.51%final price
Archer-Daniels-Midland (ADM)five days earlier-0.58%final price
Caterpillar (CAT)that day+0.72%final price
Caterpillar (CAT)three days earlier-0.49%final price
Caterpillar (CAT)five days earlier-8.01%final price
Invesco Db Agriculture Fund (DBA)that day-0.21%final price
Invesco Db Agriculture Fund (DBA)three days earlier-1.01%final price
Invesco Db Agriculture Fund (DBA)five days earlier-0.74%final price
Deere (DE)that day-1.79%final price
Deere (DE)three days earlier-0.02%final price
Deere (DE)five days earlier-4.00%final price
NKEthat day-1.59%final price
NKEthree days earlier+4.04%final price
NKEfive days earlier+3.21%final price
Walmart (WMT)that day+0.18%final price
Walmart (WMT)three days earlier-0.08%final price
Walmart (WMT)five days earlier+1.59%final price
Select Sector Spdr Tr (XLI)that day-0.56%final price
Select Sector Spdr Tr (XLI)three days earlier-1.22%final price
Select Sector Spdr Tr (XLI)five days earlier-4.94%final price
Spdr Series Trust (XRT)that day-1.72%final price
Spdr Series Trust (XRT)three days earlier+0.47%final price
Spdr Series Trust (XRT)five days earlier-1.37%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Select Sector Spdr Tr (XLI)

Companies carried with this story

  • XLI Select Sector Spdr Tr

    For “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • XRT Spdr Series Trust

    For “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • DBA Invesco Db Agriculture Fund

    In “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “grain” (grains and farm goods) in this story

  • CAT Caterpillar

    In “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • DE Deere

    Deere (DE) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics.” Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • ADM Archer-Daniels-Midland

    Archer-Daniels-Midland (ADM) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics.” Reason on file: Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story

  • WMT Walmart

    Walmart (WMT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • BG Bunge Global

    In “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics,” Bunge Global (BG) is linked, with no stored direction, medium confidence. Reason on file: Bunge Global (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story

Select Sector Spdr Tr (XLI)

On 12 Nov 2026, “USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics” is the story that connects Select Sector Spdr Tr (XLI) to this story.

The link for Select Sector Spdr Tr (XLI) is this: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

Spdr Series Trust (XRT) is here too. Its reason reads: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

The price range for Select Sector Spdr Tr (XLI), and the dates in the story

DBA traded between 26.80 and 28.86 across 20 sessions. The latest close on file is 26.80. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.

What the saved facts support for Select Sector Spdr Tr (XLI)

46 out of 100

“USDA Grain Barge Rates Week 45: Mississippi Tariffs, Per-Ton Rates & Forward Curves - News and Statistics” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.