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The High Plains Journal reprints a summary of USDA's February report on the importance of waterways to agriculture. It cites $10.5 billion in projected agricultural trade balance for fiscal 2022 and 22 percent of U.S. grain output projected for export.
Ports on the Mississippi, Texas Gulf and East Gulf handled 57 percent of 2020 grain exports.
The report provides background on river and port export capacity but carries no new market data that would move prices.
hpj.comDavid MurrayFeb 27, 2022Not enough comparable past events yet for a historical read.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), 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.
