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The Florence Lauderdale County Port Authority plans dredging to allow year-round access to the Port of Florence on the Tennessee River in north Alabama. The port handles about 500,000 tons of cargo a year, including grain, steel, fertilizers and aggregates.
Its main terminal is operated by Tennessee Southern Railroad with rail links to CSX.
Year-round navigation at a small inland port adds capacity for grain and fertilizer movements in the Tennessee Valley. The effect on commodity prices is minimal.
waterwaysjournal.netFrank McCormackApr 15, 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.
