Loading…
NEW Cooperative began work on an $11 million barge port about two miles west of Blencoe, Iowa, with Governor Kim Reynolds attending. The co-op hopes to send its first soybean barges south by late fall and expects six to nine barges per spring delivering fertilizer and other products.
Barge traffic has been absent from this stretch of the Missouri for over 15 years.
Restoring barge access on the upper Missouri gives western Iowa farmers a lower-cost export and fertilizer route, which can narrow basis and trim transport costs.
irpt.netAimee AndresSep 11, 2020Not enough comparable past events yet for a historical read.
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.
After 64 past logistics events, Urea moved a median -0.3% over 5 sessions (48% higher; middle half -1.0% to +2.3%), and -0.3% 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.
