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The St. Louis District Corps of Engineers finished an unprecedented 2022-23 dredging season on the Mississippi River on February 1, 2023. The dredges Potter and Kimmswick ran around the clock to maintain the 9-foot shipping channel.
Continuous dredging helped keep the river channel open during low water, supporting barge movement of grain and fertilizer. Reduced channel restrictions ease freight pressure on feed grain flows.
dredgewire.comLisa ParkerFeb 14, 2023
mvs.usace.army.milFeb 13, 2023After 230 past neutral logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 284 past neutral logistics events, CORN moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
