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A regional weekly column reports Illinois planting running ahead of the five-year average, with corn 74% planted and soybeans 57% planted as of May 9. It also notes that barge traffic resumed at Memphis after the bridge-related suspension, which had created a backlog of 62 vessels and over 1,000 barges.
Fast planting supports expectations of normal crop development, which weighs modestly on weather premium. Barge normalization eases freight pressure on Illinois grain shipments.
chronicleillinois.comJudy HarveyMay 19, 2021Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% 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.
