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Iowa State University researcher Yoshinori Suzuki proposes a public-private funding model to rehabilitate the 27 aging locks and dams on the Upper Mississippi. Barges carry about 60 percent of US grain exports, and the share of delayed vessels rose from 35 percent in 2010 to 49 percent in 2017.
Lock delays raise freight costs and can strand grain and input flows, affecting feed grain basis. A funding model is only a proposal, so near-term price impact is limited.
news.iastate.eduFeb 13, 2023Not enough comparable past events yet for a historical read.
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.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
