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Grain shipments through Lock 27 near St. Louis reached 641,000 tons as of April 17, a 34% increase over the same week last year, according to USDA transportation data. Lock 27 is the busiest navigation structure on the Mississippi River.
Strong grain movement through the busiest Mississippi lock signals active export flows and barge demand, but the change is a volume comparison rather than a new price driver.
investigatemidwest.orgPam DempseyApr 29, 2021investigatemidwest.orgPam DempseyApr 29, 2021After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
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.
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.
