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Inland waterways executives reflected on issues for 2022, led by lingering damage from Hurricane Ida on the Louisiana Gulf Coast, which disrupted terminals and power along the Mississippi for weeks. Low water levels in the upper Midwest have also led barge companies to recommend light loading.
Light loading and terminal damage raise the per-bushel cost of moving corn and soybeans to export, which narrows basis and farm-gate values in the affected interior regions.
marinelink.comTom EwingNov 8, 2021After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
