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America's Central Port, the City of St. Louis Port Authority and the Southwest Regional Port District received a U.S. Department of Transportation BUILD grant of about $20.84 million for improvements at three river port facilities. The $26.05 million total project is supplemented by a 20% match from SCF Lewis and Clark Terminals.
Upgrades include new rail track, barge loading systems and transfer equipment at Granite City and St. Louis.
Modernized barge-to-rail transfer capacity at St. Louis-area ports could ease grain handling bottlenecks over time, supporting Midwest grain basis and export logistics. The effect on futures prices is marginal and long-term.
americascentralport.comAlex BurkartSep 16, 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.
