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A multiyear effort to build a container facility network along the Mississippi River in up to five states is underway, with initial cargo expected in 2024. The network includes a gateway terminal planned for Plaquemines Parish, Louisiana, and container services linked to the expanded Panama Canal.
Developers say it will give Midwest agricultural shippers a new container route.
The project is a long-term container-logistics development with no near-term effect on bulk feed grain supply, demand or prices.
freightwaves.comJoanna MarshJul 12, 2022freightwaves.comJoanna MarshJul 12, 2022After 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.
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.
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.
