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A National Corn Growers Association podcast discusses a recent Congressional win for river transportation infrastructure, which has not been substantially updated since the 1930s. Guests from the Illinois Corn Growers and the Waterways Council describe the importance of barge transport for Midwest growers.
The discussion covers the policy history and next steps.
Lock and dam modernization could reduce barge delays over time, lowering long-run transport costs for corn and soybean exports. The near-term price effect is limited because no capacity change has yet occurred.
ncga.comMar 29, 2022Not enough comparable past events yet for a historical read.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), 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.
