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The Army Corps of Engineers' Kansas City District says navigation structures on the Missouri River between Kansas City and St. Louis were damaged by flooding and only revealed as the river receded. Funding for navigation repairs is insufficient, and emergency repairs may be needed again next spring to keep the channel open.
Repair funding gaps raise the risk of channel restrictions and barge disruptions on a key grain corridor, which could raise freight costs for inland corn and soybean shipments.
brownfieldagnews.comNov 27, 2020Not 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.
