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The Kansas City District of the U.S. Army Corps of Engineers is repairing damaged river training structures on the Lower Missouri River after nearly three years of high water. Officials said 50-75% of about 7,000 structures were damaged, causing navigation restrictions as river levels returned to normal.
Emergency dredging and repair work are underway to restore the nine-foot channel depth.
Navigation restrictions on the Lower Missouri raise barge costs and limit capacity for grain moving from Kansas and Missouri elevators, which can widen Midwest basis and lift freight costs for feed ingredients.
nwk.usace.army.milSep 22, 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.
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.
