
The US Army Corps of Engineers outlined a timeline for expanding Lock and Dam 25 on the Upper Mississippi, with phase one bids due June 24 and an award expected in September. Construction could begin in spring 2023, funded by $732 million from the Infrastructure Investment and Jobs Act.
Long-term lock capacity expansion aims to reduce barge bottlenecks for grain exports, which would lower future transport costs, but has no near-term price impact.
Not 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.