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The Army Corps of Engineers has started construction on a new lock chamber at Lock and Dam #25 in Winfield, Missouri, the first of seven new locks planned on the Upper Mississippi and Illinois Rivers. Industry groups say the upgrade will cut barge lockage time from hours to about 30 minutes and save farmers around 1.5 cents per bushel per lock.
The project is multi-year and affects future logistics costs rather than near-term supply, so it has little immediate price impact but lowers long-run barge transport costs for Midwest grain.
brownfieldagnews.comCarah HartMay 19, 2023After 284 past neutral logistics events, CORN moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 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.
