Loading…
The US House passed an appropriations bill in late July providing $8.66 billion for Army Corps civil works, including $22.5 million for construction under the Navigation and Ecosystem Sustainability Program on the Upper Mississippi. The Senate has not yet acted on fiscal 2022 appropriations.
Funding for new locks and efficiency upgrades could reduce future barge delays for corn and soybean shipments, but the effect is long-term and the bill is not yet law.
ocj.comBrianna SmithAug 6, 2021After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
