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High water and severe Gulf hurricanes have strained locks, dams and flood control infrastructure and created heavy shoaling on the Mississippi system. The Army Corps and private contractors are deploying more dredging equipment, and Congress has passed an emergency act to fund the work.
A Corps official said 2019 and 2020 were the wettest years in the 26-year record.
Dredging and lock repairs add navigation delays and capacity constraints, which can raise barge costs, but the story describes ongoing maintenance rather than a new shock to grain flows.
dredgewire.comPaul BluemnerDec 8, 2020Not 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.
