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A feature piece highlights the St. Lawrence Seaway and Great Lakes ports as a direct grain export route, noting about 10.5 million tons of grain moved through the seaway in 2023. It argues these ports could absorb shipping demand if Mississippi River problems persist.
Shifts in export routing between Gulf and Great Lakes ports can change regional basis and freight spreads, but the effect on overall grain prices is limited.
waterwayscouncil.orgWaterways CouncilNov 1, 2024Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
