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A group of farmer-funded soybean and corn organizations offered $1 million to fund pre-engineering and design for Upper Mississippi Lock and Dam 25 in Winfield, Missouri. The offer followed Congress passing an infrastructure bill with $17.1 billion for ports and waterways.
Lock 25 has a single 600-foot chamber, which forces tows to be broken up and reformed, causing delays.
Lock delays raise barge transit times and costs for grain moving to Gulf export elevators. Progress on the project could ease bottlenecks over the long term, but the effect on near-term prices is limited.
brownfieldagnews.comLarry LeeDec 2, 2021
hpj.comDavid MurrayDec 2, 2021
waterwaysjournal.netDavid MurrayDec 3, 2021After 230 past neutral logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
