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Two Louisiana port stakeholders urged Congress and the Trump administration to fund Mississippi River system improvements as part of COVID-19 recovery legislation. They noted that 60 percent of US grain exports move through the Mississippi River Ship Channel.
The river channel carries most US grain exports, so funding for deepening and repairs would support Gulf export competitiveness over time, but it is an advocacy piece with no immediate price effect.
insidesources.comPaul Aucoin, Sean DuffyJun 10, 2020After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 553 past neutral policy events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), 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.
