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The Ohio Soybean Association sent a letter to a congresswoman requesting support for its priorities in the 2024 Water Resources Development Act. The priorities include waiving the Inland Waterways Trust Fund cost-share for seven major projects facing cost overruns and continued funding for maintenance of inland waterways.
Funding for inland waterway projects affects long-term barge reliability and costs for soybean exports, though the impact on near-term prices is limited.
soyohio.orgJan 10, 2024After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
Not enough comparable past events yet for a historical read.
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.
