Loading…
The Old River locks on the Mississippi are being drained for repairs for the first time in 46 years, with the closure set to last 75 days. Barges must now take a longer route through the Atchafalaya River, and some farmers must truck grain to ports about 90 minutes away.
A 75-day closure of a key Mississippi chokepoint raises freight costs and reduces Gulf-area bids for grain, which pressures soybean and corn prices in the affected region.
wafb.comKellie SanchezAug 30, 2022Not enough comparable past events yet for a historical read.
After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 359 past bearish logistics events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
