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The Army Corps of Engineers will start five lock and dam improvement projects on the Illinois River on July 1, with some work lasting until October. Agricultural shippers say they are prepared, and the Corps timed the closures to avoid harvest.
Closures will push some grain to terminals off the river and may tighten barge capacity over the summer, adding modest freight and basis pressure to Illinois River-origin feed grains.
waterwayscouncil.orgJun 24, 2020
agri-pulse.comBen NuelleJun 24, 2020After 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 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 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% over 20.
Not 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.
