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A new Bruce Oakley grain terminal in Cahokia, Illinois has opened, expanding handling capacity in the St. Louis area known as the Ag Coast of America. The terminal adds barge, rail and truck capacity, with at least 1,000 more truckloads of grain handled daily.
Extra capacity at the St. Louis barge hub can ease grain movement and local basis levels. The effect on futures prices is minimal.
feedandgrain.comJul 19, 2021After 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.
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.
