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NEW Cooperative broke ground on an $11 million barge terminal at Missouri River Mile 680.5 near Blencoe, Iowa, on September 9. The port can handle six barges at once and aims to move 240,000 tons of soybeans, corn, distillers' grains, fertilizer and lime annually.
It will be the northernmost commercial port on the Missouri River.
A new northern barge outlet gives western Iowa farmers a cheaper route to export grain and receive fertilizer, which can narrow local basis and reduce transport costs over time.
waterwaysjournal.netDavid MurraySep 25, 2020Not 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.
