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Mississippi River grain barge operations continued to improve, with USDA expecting Lock 25 near Winfield, Missouri to reopen soon to allow 2021 Upper Mississippi navigation. Barge grain movements for the week ending March 13 were 810,000 tons, 52 percent above last year, and railroads originated 26,400 grain carloads.
Improving barge and rail capacity eases logistics bottlenecks and lowers freight costs for moving corn and soybeans, supporting Gulf and river basis and reducing feed delivery costs.
rrfn.comCarah HartMar 19, 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.
