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An opinion piece argues that Upper Mississippi River locks and dams, many built in the 1930s and past their 50-year design life, need investment. The federal Infrastructure Investment and Jobs Act provides $2.5 billion to modernize the inland waterway lock and dam system.
The author cites Minnesota inland waterway cargo of 12 million tons in 2018, including corn and soybeans.
Aging locks cause delays and closures that raise barge freight and can widen basis spreads for farmers shipping corn and soybeans upriver, so the funding supports more reliable barge logistics over the long term.
waterwayscouncil.orgLEE NELSONFeb 10, 2022Not enough comparable past events yet for a historical read.
After 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, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
