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Conservation and wildlife groups asked a federal court for summary judgment in their lawsuit against the U.S. Army Corps of Engineers, alleging recent Mississippi River flooding could have been avoided with better management of the Cairo-to-St. Louis stretch. The groups want more detailed environmental reviews that could slow Corps projects.
The article notes the river carries 57% of U.S. corn exports and 59% of soybean exports.
If the lawsuit succeeds, delays to locks and dams work could weaken barge reliability on the key export channel, raising freight costs and basis for corn and soybean shippers. The impact on prices is uncertain and would depend on the court outcome.
dtnpf.comTodd NeeleyMar 18, 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.
