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Farm groups proposed committing $1 million in soybean checkoff and corn promotion funds to pre-engineering and design work for Lock and Dam No. 25 on the Upper Mississippi. The project would be the first under the Navigation and Ecosystem Sustainability Program if federal funding is approved.
The lock is a key chokepoint for grain moving to Gulf export, so upgrades would support reliability over time, but the funding is preliminary and has no immediate price effect.
farmprogress.comNov 30, 2021Not 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.
