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The Mississippi River Commission concluded its annual high-water inspection trip in Baton Rouge on April 8, its fourth stop after Caruthersville, Memphis and Greenville. State leaders and port officials discussed the Morganza to the Gulf levee project, which Louisiana has backed with $800 million in cost-share payments.
Officials stressed the project's storm-surge protection and its 5:1 benefit-cost ratio.
The discussion covers long-term flood risk reduction for south Louisiana ports and the river system, with no immediate effect on grain flows or prices.
waterwaysjournal.netFrank McCormackApr 19, 2022Not enough comparable past events yet for a historical read.
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.
After 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.
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.
