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An I-40 bridge over the Mississippi between Arkansas and Tennessee remains closed after a fractured support beam was found in early May. The closure disrupted river and road traffic, with 62 vessels and 1,058 barges queued when the river was first shut.
Extended disruption at a key Mississippi chokepoint raises barge delays and freight costs for grain flowing to New Orleans, which can widen basis and lower farm bids north of the bridge.
texasfarmbureau.orgJulie TomascikJun 8, 2021Not 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.
